Shareholding10 Jun 2026, 10:33 am
Magnum Ventures Promoter Parv Jain Encumbers 12.17% Shares
AI Summary
Magnum Ventures Ltd has disclosed that promoter Parv Jain has encumbered 83,24,255 shares, representing 12.17% of the total share capital. This encumbrance, created on June 8, 2026, is a pledge related to extending existing secured, redeemable, non-convertible debentures (NCDs) of Rs 50 Crores issued by Neo Special Equity Credit Opportunities Fund. This action impacts the promoter's direct shareholding and is a significant corporate action affecting the company's shareholding structure.
Key Highlights
- Promoter Parv Jain encumbered 12.17% of total share capital.
- Encumbrance is a pledge for NCDs worth Rs 50 Crores.
- The encumbrance was created on June 8, 2026.
- Catalyst Trusteeship Limited is involved as a trustee.
- This is a significant change in promoter shareholding status.
Price Impact
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