Magnum Ventures Limited — QIP/Rights/Pref., 13-11-2024: Issue of Securities

Magnum Ventures Limited plans to raise up to ₹30 Crore (30 Cr) through the issuance of 3,000 listed, rated, secured, redeemable non-convertible debentures (NCDs) with a face value of ₹1 Lakh each. The NCDs will carry an 18% annual coupon, payable monthly, and are set for a tenure of 33 months. The allotment will be executed on a private placement basis to Neo Special Credit Opportunities Fund. This fundraising aims to bolster the company's financial position and support its ongoing projects.