Magnum Ventures Limited — QIP/Rights/Pref., 18-03-2025: Allotment of Securities

Magnum Ventures Limited has announced a board meeting to discuss the allotment of 1,500 Listed Rated Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, totaling ₹15 Crores (15 Cr). These debentures, with a face value of ₹1 Lakh each, carry an interest rate of 18% per annum, payable monthly. The NCDs will be listed on both BSE and NSE, with an allotment date of 18 March 2025 and maturity on 31 August 2027. The proceeds will support the company’s ongoing projects, enhancing its capital structure.