Promoter and Director Rajesh Emmanuel Francis sold 2,58,000 shares of Magson Retail for ₹4.64 Cr at ₹180.01 apiece through an open market sale, reducing his stake from 1.85% to 0.15%.
A retail distribution company operating a chain of stores across India, Magson Retail specializes in packaged foods and consumer goods. The company manages retail operations through company-owned outlets while collaborating with suppliers to deliver products to consumers nationwide. Incorporated in 2018, it operates as a distribution and retail intermediary in India's packaged foods sector, connecting manufacturers with end consumers through its store network.
