Description
BSE suspends trading in MAGNUM VENTURES LIMITED debentures (INE387I07013) from November 28, 2025, ahead of early redemption with record date on November 29, 2025.
Summary
BSE has suspended trading in the 18% Non-Convertible Debentures of MAGNUM VENTURES LIMITED (ISIN: INE387I07013, Code: 975493) effective November 28, 2025. The suspension is in connection with the company’s early redemption of debentures with a record date set for November 29, 2025. Trading members are advised not to deal in these debentures from the suspension date.
Key Points
- Company: MAGNUM VENTURES LIMITED
- Debenture Series: MVL-18%-31-8-27-PVT
- ISIN: INE387I07013
- BSE Code: 975493
- Purpose: Early Redemption of Debentures and Payment of Interest
- Record Date: November 29, 2025
- No Dealings From: November 28, 2025
- Notice Number: DR-766/2025-2026
Regulatory Changes
No regulatory framework changes. This is a routine suspension procedure implemented in accordance with existing BSE guidelines for corporate actions on debt securities.
Compliance Requirements
- Trading members must cease all dealing in the specified debentures from November 28, 2025
- Trading members are required to take note of the suspension and communicate to their clients accordingly
- No buy or sell orders should be executed for ISIN INE387I07013 from the suspension date
Important Dates
| Date | Event |
|---|---|
| November 26, 2025 | Circular issued |
| November 28, 2025 | Trading suspension effective (no dealings from this date) |
| November 29, 2025 | Record date for early redemption and interest payment |
Impact Assessment
Market Impact: Limited to holders of this specific private debenture series. The suspension affects only one ISIN and is temporary in nature related to a corporate action.
Investor Impact: Debenture holders will not be able to trade these securities from November 28, 2025. Those holding the debentures on the record date (November 29, 2025) will be eligible for early redemption proceeds and interest payment.
Operational Impact: Trading members must update their systems to block trading in this security and inform clients holding positions in these debentures about the suspension and upcoming early redemption.
Impact Justification
High severity for debenture holders as trading is suspended, but medium overall impact as it affects a single private debenture series with limited market participants