Parv Jain Encumbers 12.17% Stake in Magnum Ventures

Magnum Ventures Ltd has filed a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, revealing that promoter Parv Jain has encumbered 83,24,255 shares, representing 12.17% of the total share capital. This encumbrance, a pledge, was created on June 8, 2026, in favor of Catalyst Trusteeship Limited as collateral for Non-Convertible Debentures (NCDs) issued by Neo Special Equity Credit Opportunities Fund. The total promoter shareholding in Magnum Ventures is 55.21%.