Description
BSE suspends trading in MAGNITE DEVELOPERS PRIVATE LIMITED debentures due to record date for interest payment and redemption.
Summary
BSE has suspended trading in debentures of MAGNITE DEVELOPERS PRIVATE LIMITED (Code: MDPL-10%-31-3-27-PVT, ISIN: INE0M1Q07023, Scrip Code: 974800) effective August 5, 2025, due to the company fixing a record date for interest payment and redemption purposes.
Key Points
- Trading suspension applies to Non-Convertible Debentures of MAGNITE DEVELOPERS PRIVATE LIMITED
- Record date fixed as August 5, 2025
- Purpose: Redemption of Debentures and Payment of Interest
- Trading members advised not to deal in these debentures from August 5, 2025
- Notice issued under DR-688/2025-2026
Regulatory Changes
No regulatory framework changes. Standard procedure for debenture trading suspension around record dates.
Compliance Requirements
- Trading members must not deal in the specified debentures from August 5, 2025
- Trading members required to take note of the suspension
- Compliance with corporate action procedures for debt securities
Important Dates
- Notice Date: August 1, 2025
- Record Date: August 5, 2025
- Trading Suspension Start: August 5, 2025
- Purpose Date: August 5, 2025 (for redemption and interest payment)
Impact Assessment
Limited impact as this affects only holders of specific debentures of MAGNITE DEVELOPERS PRIVATE LIMITED. The suspension is temporary and procedural, related to corporate action processing. No broader market implications expected.
Impact Justification
Trading suspension affects specific debenture holders but has limited market-wide impact