Magnum Ventures Limited — QIP/Rights/Pref., 18-02-2025: Allotment of Securities

Magnum Ventures Limited has announced the allotment of 1,500 Listed, Rated, Secured, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis, totaling ₹15 crores (Cr). The debentures, with a face value of ₹1 lakh each, carry an interest rate of 18% per annum payable monthly. These NCDs are set to mature on August 31, 2027, and will be listed on the Wholesale Debt Market Segment of the NSE and BSE. The proceeds are intended to strengthen the company’s capital structure, although specific project allocations were not detailed.