Description
BSE suspends trading in MAGNITE DEVELOPERS PRIVATE LIMITED debentures from August 5, 2025 due to record date for interest payment and redemption.
Summary
BSE has suspended trading in Non-Convertible Debentures of MAGNITE DEVELOPERS PRIVATE LIMITED (Code: MDPL-10%-31-3-27-PVT, ISIN: INE0M1Q07023) effective August 5, 2025. The suspension is due to the company fixing August 5, 2025 as the record date for interest payment and redemption of debentures.
Key Points
- Trading suspension applies to MAGNITE DEVELOPERS PRIVATE LIMITED debentures
- ISIN Code: INE0M1Q07023 (Scrip Code: 974800)
- Suspension effective from August 5, 2025
- Purpose: Redemption of Debentures and Payment of Interest
- Trading members advised not to deal in these debentures
Regulatory Changes
No regulatory framework changes. Standard procedure for trading suspension during corporate action record dates.
Compliance Requirements
- Trading members must cease dealing in the specified debentures from August 5, 2025
- All trading members required to take note of the suspension
- No transactions permitted in MAGNITE DEVELOPERS debentures during suspension period
Important Dates
- Notice Date: August 1, 2025
- Record Date: August 5, 2025
- No Dealings From: August 5, 2025
- Reference: DR-688/2025-2026
Impact Assessment
Limited impact restricted to holders and traders of MAGNITE DEVELOPERS PRIVATE LIMITED debentures. Standard corporate action procedure ensuring proper settlement of interest payments and redemption processes. No broader market implications expected.
Impact Justification
Affects specific debenture holders and trading members dealing in MAGNITE DEVELOPERS debt securities