Magnum Ventures has raised Rs 15 crore through the allotment of 1,500 Listed, Rated, Secured, Redeemable, Non-Convertible Debentures (NCDs) (Tranche-II), of the face value of Rs 1,00,000 on a private placement basis.
The NCDs are proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India (NSE) and BSE (BSE). NCD’s shall carry a coupon rate of 18% per annum and shall be payable monthly. The Debt Raise Committee of the Company has at its meeting held on March 18, 2025, allotted the same.
Magnum Ventures is engaged in the business of trading and manufacturing of papers. The product range of the company includes Printing & Writing Papers and Duplex Boards. The company also in the business segment of Paper Division, Hotel Division.
