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ManufacturingMedium impactPre-market

Magnum Ventures receives approval for demerger from NSE, BSE

pre-market1 source ↓written by the desknot a recommendation

Magnum Ventures Limited has secured 'No Objection' observation letters from both BSE and NSE for its proposed demerger scheme. This approval allows the transfer of its business to a new entity, Magnum Paperz Limited, under the Companies Act, 2013. The observation letters are valid for six months, expiring on 17 Jul 2026, after which the company will approach NCLT for further approvals.

This development is significant as it clears a crucial regulatory hurdle, potentially enhancing operational focus and shareholder value.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 19 Jul 2026, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

MAGNUM closed −0.6% on the day of the news, from ₹18.77 to ₹18.65; Nifty −0.4% over the same session.

Bulletin at 07:04 IST on 19 Jul 2026. Every change is measured from ₹18.77, the last close before it, on 17 Jul. Nifty 50 is measured over the same sessions.

  • MAGNUM close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
MAGNUM closes around the bulletin against the close before the news, with Nifty 50 rebased to it15.1818.7722.36axis spans 47%before the news · 17 Jul18.77Nifty 50MAGNUMbulletinD0+1+3+513 Jul23 Jul3 AugReference close ₹18.77. 16 sessions from 13 Jul to 3 Aug; the price axis spans 47 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before17 Jul₹18.77basebase
On the day20 Jul₹18.65▼ −0.6%▼ −0.4%−0.3 pp difference
+1 session21 Jul₹18.61▼ −0.8%▼ −0.6%−0.3 pp difference
+3 sessions23 Jul₹19.08▲ +1.6%▼ −1.9%+3.6 pp difference
+5 sessions27 Jul₹19.85▲ +5.8%▼ −1.4%+7.1 pp difference
Gap at the open, % · ₹
0.0%0.00 on 20 Jul
Day's range, % · ₹
5.8%≈ 1.1 high to low
Volume on the day
3.79×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · MAGNUM on the desk →

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