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Magnum Ventures informs about outcome of committee meeting

02 Mar 2024 Evaluate

In furtherance to the previous intimation letters submitted by the Company, in respect of its proposed issue of Equity Shares on a rights basis (‘Rights Issue’). Magnum Ventures has informed that, in accordance with (i) the Letter of Offer dated January 18, 2024, and (ii) the Basis of Allotment finalised in consultation with the Registrar to the Issue and BSE, (the Designated Stock Exchange for the Rights issue), the Rights Issue Committee of the Company has, at in its meeting held today, 1st March, 2024, approved the allotment of 90,59,433 fully paid-up Equity Shares of face value of ? 10 each on a rights basis, at an issue price of ?54 (including a share premium of ?44 per Equity Share) to the eligible applicants. In compliance with the SEBI Circular dated July 13, 2023 bearing reference number SEBI/HO/CEFD/CFD-PoD-1/P/CIR/2023/123, it has enclosed the additional details in relation to the aforementioned outcome in Annexure A. The meeting of the Rights Issue Committee commenced at 06:45 pm and concluded at 07:15 pm. This letter is being submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The above information is a part of company’s filings submitted to BSE.

Magnum Ventures Share Price

21.27 -1.07 (-4.79%)
22-Apr-2026 13:15 View Price Chart
Peers
Company Name CMP
JK Paper 372.25
TN Newsprints 141.55
West Coast Paper 476.95
Emami Paper Mills 75.50
Seshasayee Paper 265.05
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