Magnum Ventures gains on raising Rs 15 crore through NCDs
Magnum Ventures is currently trading at Rs. 25.91, up by 0.57 points or 2.25% from its previous closing of Rs. 25.34 on the BSE.
The scrip opened at Rs. 25.34 and has touched a high and low of Rs. 26.00 and Rs. 25.34 respectively. So far 817 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 63.95 on 14-May-2024 and a 52 week low of Rs. 23.75 on 12-Mar-2025.
Last one week high and low of the scrip stood at Rs. 30.00 and Rs. 24.23 respectively. The current market cap of the company is Rs. 169.48 crore.
The promoters holding in the company stood at 56.87%, while Institutions and Non-Institutions held 0.01% and 43.13% respectively.
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.
