Magnum Ventures Ltd Rights Issue 2024


Mangum Ventures Ltd is an India-based company that operates in the paper and hotel industry. It manufactures various types of paper products, such as newsprint, duplex board, and copier paper. It also runs a hotel division that provides hospitality services. It was incorporated in 1980 and is listed on BSE and NSE.

DETAILS:

ParticularsDetails
Type of Issue:Rights Issue
Issue Price:₹ 54/- Per Share
Issue Size (Amount):₹ 48.93 Cr.
Issue Size (Share):90,59,433
Rights Issue Ratio:2:11 (2 Rights Equity Share(s) for every 11 fully paid-up Equity Shares)
Face value of Share:₹ 10/-
Record Date:25/01/2024
Bid/Offer Opening Date:07/02/2024
Renunciations Date of Rights:
Bid/Offer Closing Date:21/02/2024
Terms of Payment:The Rights Issue Price of Rs.54/- per Equity Share (including premium of Rs.44/- per Equity Share) payable on application.

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