Description
BSE announces part redemption of non-convertible debentures with reduced face value effective August 11, 2025.
Summary
MAGNITE DEVELOPERS PRIVATE LIMITED has announced part redemption of its non-convertible debentures with a record date of August 11, 2025. Trading in the company’s debentures will commence with reduced face value from the same date.
Key Points
- Company: MAGNITE DEVELOPERS PRIVATE LIMITED
- Security Code: MDPL-10%-31-3-27-PVT (INE0M1Q07015)
- Security ID: 974290
- Action: Part redemption of non-convertible debentures
- Reduced face value: Rs. 625,000 per debenture
- Settlement number: DR-692/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
Trading members must note that debenture trading will be conducted at the reduced face value effective from August 11, 2025.
Important Dates
- Record Date: August 11, 2025
- Effective Date for Reduced Face Value: August 11, 2025
- Notice Date: August 7, 2025
Impact Assessment
Limited impact as this affects only one private company’s debt securities. The part redemption will result in reduced face value for remaining debentures, which is a routine corporate action for debt securities management.
Impact Justification
Routine corporate action affecting single company's debentures with limited market impact