IMAP India is pleased to announce the successful closure of a Rs. 180 crore (~$20 million) debt refinance transaction for Magnum Ventures Limited, a diversified platform with interests in hospitality and paper manufacturing. The transaction involved a listed Non-Convertible Debenture (NCD) issuance, fully subscribed by a leading institutional private credit fund. Proceeds from the issuance were used to fully repay legacy debt held by Asset Reconstruction Companies (ARCs), enabling Magnum to clean up its balance sheet and position itself for future growth.
Magnum Ventures owns and operates a 216-room, 5-star hotel under the Country Inn & Suites by Radisson brand in Sahibabad, NCR. Operational since 2010, the hotel is India’s only exclusively vegetarian 5-star property and generates significant earnings through its nine banquet halls, spanning over 60,000 sq. ft. The hotel serves a diverse clientele from East Delhi, the Sahibabad industrial cluster, and the growing urban centers of Ghaziabad and Meerut.
In addition to hospitality, the company also operates a wastepaper-based paper manufacturing facility in the Sahibabad industrial area, with a production capacity of 300 tonnes per day. The facility produces duplex boards, kraft paper, grey boards, and other packaging materials. As the only paper mill located within close proximity to the NCR, it benefits from steady access to local wastepaper, while also importing ~50% of its raw materials to blend long-fibre pulp for premium quality output.
With IMAP India’s support, Magnum successfully transitioned from legacy ARC debt to a more structured and capital markets-aligned financing solution, restoring financial flexibility and preparing the company for its next phase of expansion.
This transaction reinforces IMAP India’s expertise in delivering bespoke debt solutions for mid-market companies undergoing financial transformation.
