Description
BSE announces part redemption of debentures and interest payment for MAGNITE DEVELOPERS with record date August 5, 2025 and reduced face value effective.
Summary
BSE has announced that MAGNITE DEVELOPERS PRIVATE LIMITED has fixed August 5, 2025 as the record date for part redemption of its non-convertible debentures and payment of interest. Trading in the debentures will commence with a reduced face value of Rs. 625,000 per debenture effective August 5, 2025.
Key Points
- Company: MAGNITE DEVELOPERS PRIVATE LIMITED
- Debenture Code: MDPL-10%-31-3-27-PVT
- ISIN: INE0M1Q07015 (BSE Code: 974290)
- Record Date: August 5, 2025
- Purpose: Part redemption of debentures and interest payment
- New face value: Rs. 625,000 per debenture
- Effective date: August 5, 2025
- Settlement number: DR-688/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard corporate action notification for debenture part redemption.
Compliance Requirements
- Trading members must note the reduced face value effective from August 5, 2025
- All trading in these debentures will be conducted at the new reduced face value
- Debenture holders on record date eligible for interest payment and part redemption
Important Dates
- Record Date: August 5, 2025
- Effective Date for Reduced Face Value: August 5, 2025
- Notice Date: August 1, 2025
Impact Assessment
Limited impact as this affects only holders of specific MAGNITE DEVELOPERS debentures. The part redemption reduces the outstanding principal amount, and trading will continue at the reduced face value. No broader market implications expected.
Impact Justification
Corporate action affecting specific debenture holders with limited market-wide impact