Magnum Ventures Limited — Important, 05-08-2025: Updates

Magnum Ventures' promoter group member, Parv Jain, has extended the pledge of 83.24 lakh equity shares. This move secures an additional INR 50 Cr in 18% Non-Convertible Debentures (NCDs) for the company, provided by Neo Special Credit Opportunities Fund. With this, the total NCDs secured now stand at INR 230 Cr. This capital infusion supports company operations, with the NCDs being secured by assets and personal guarantees, alongside the pledged shares. This development provides financial backing for Magnum Ventures.