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The latest update is out from Magnum Ventures Limited. ( (IN:MAGNUM) ).
Magnum Ventures Limited has partially redeemed its non-convertible debentures (NCDs) using funds raised from the Tourism Finance Corporation of India Limited (TFCI). This financial maneuver reduces the outstanding debenture amount to INR 61.45 Crores and involves releasing the security over the Hotel Division assets to create a new exclusive charge in favor of TFCI, indicating a strategic shift in the company’s financial management.
More about Magnum Ventures Limited.
Magnum Ventures Limited operates in the paper and hotel industries, providing products and services related to these sectors. The company focuses on leveraging its assets in both divisions to secure financial operations and investments.
Average Trading Volume: 13,825
Technical Sentiment Signal: Sell
Current Market Cap: 1.45B INR
Learn more about MAGNUM stock on TipRanks’ Stock Analysis page.