Description
BSE suspends trading in MAGNITE DEVELOPERS PRIVATE LIMITED debentures effective August 5, 2025 due to record date for redemption and interest payment.
Summary
BSE has suspended trading in the non-convertible debentures of MAGNITE DEVELOPERS PRIVATE LIMITED (Code: MDPL-10%-31-3-27-PVT, ISIN: INE0M1Q07023, Scrip Code: 974800) effective August 5, 2025. The suspension is due to the company fixing August 5, 2025 as the record date for redemption of debentures and payment of interest.
Key Points
- Trading suspension applies to MAGNITE DEVELOPERS PRIVATE LIMITED debentures
- ISIN: INE0M1Q07023, Scrip Code: 974800
- Record date: August 5, 2025
- No dealings permitted from August 5, 2025
- Purpose: Redemption of debentures and payment of interest
Regulatory Changes
No regulatory changes - standard corporate action procedure for debenture redemption and interest payment.
Compliance Requirements
- Trading members must not deal in the specified debentures from August 5, 2025
- Trading members must take note of the suspension and comply with no-dealing restrictions
Important Dates
- August 5, 2025: Record date for redemption and interest payment
- August 5, 2025: Trading suspension effective date
- August 1, 2025: Notice date
Impact Assessment
Limited impact as this affects only one private company’s debt securities. Debenture holders will receive redemption proceeds and interest payments as per the record date. Trading members must ensure compliance with the no-dealing restriction to avoid regulatory issues.
Impact Justification
Trading suspension affects specific debenture holders but limited to one private company's debt securities