Synopsis:
Magnum Ventures Limited has officially notified the BSE and NSE that it has received a Letter of Intent (LOI) from NEO Special Credit Opportunities Fund for a potential equity investment. The proposed investment involves subscription to 20,00,000 equity shares of Magnum Ventures at Rs. 30 per share, amounting to Rs. 6 crore.
This company has been manufacturing papers for 30+ years, is one of the largest paper printing co in the Northern region and is now in focus after receiving LOI from NEO special credits opportunities fund.
With market capitalization of Rs. 193 per share, the shares of Magnum Ventures Limited are currently trading at Rs. 28.77 per share, hit 20% upper circuit in today’s intraday sessions, making a high of Rs. 30.25 from its previous closing of Rs. 25.21 per share.
News
Magnum Ventures Limited has informed the stock exchanges that it has received a Letter of Intent (LOI) dated 9th September 2025 from NEO Special Credit Opportunities Fund, expressing its intention to invest in the company through preferential allotment.
As per the LOI, the investor proposes to subscribe to 20,00,000 equity shares of Magnum Ventures at a price of Rs. 30 per share, aggregating to a total investment of Rs. 6 crore, subject to necessary approvals and regulatory compliances. The proposed investment is contingent upon receipt of approvals from the board, shareholders, stock exchanges, and SEBI, along with the execution of definitive agreements and compliance with applicable legal and regulatory requirements.
The LOI will remain valid for 90 days from its date, unless extended by mutual consent, and is non-binding in nature, serving only as an expression of interest until definitive agreements are executed.
About the company
Magnum Ventures Limited is a prominent Indian company engaged in manufacturing and trading paper products and operating in the hospitality sector. Its paper division produces a range of products, including printing and writing papers, duplex boards, and copier paper, with an installed capacity of 85,000 tons per annum. The hotel division operates the Country Inn & Suites by Radisson in Sahibabad, offering accommodations and amenities to travelers.
On a year-on-year basis, the company’s sales increased by 29% to Rs. 116 crore compared to Rs. 90.1 crore in Q1FY25. EBIDT declined sharply by 39% to Rs. 6.71 crore, and the company reported a net loss of Rs. 18.2 crore, up from a loss of Rs. 13 crore a year earlier.
Written by Manideep Appana
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