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MAGMA FINCORP DEAL
Time for long-term investors to look at them again? 9 NBFC stocks with upside potential of up to 22%The reason NBFC stocks reacted quickly to the easing of the US-Iran war risk is not difficult to understand. For a lender, macro relief tra...- Promoter Rising Sun Holdings buys 0.5% stake in Poonawalla Fincorp for Rs 200 crorePromoter Rising Sun Holdings Pvt Ltd has acquired a 0.5% stake in Poonawalla Fincorp for around Rs 200 crore through the open market on Wed...
- Sebi revokes securities market ban on Poonawalla Finance's MD Abhay Bhutada in insider trading caseSebi conducted a detailed investigation in the matter to ascertain the violations of securities laws, if any. Pursuant to the investigation...
- KPMG drops partner named in Magma insider trading caseKPMG India has terminated the services of Saumil Shah, one of its partners. The consulting firm took this step after Shah was named in an i...
- Sebi bars Abhijit Pawar over insider trading allegationsIndia's capital-markets regulator has barred Abhijit Pawar, nephew of Nationalist Congress Party chief Sharad Pawar, from dealing in securi...
- Poonawalla Fincorp slides further 5% on MD’s resignationAbhay Bhutada resigned from the non-banking finance company (NBFC) a day after the Securities and Exchange Board of India (Sebi) barred him...
- Poonawalla Fincorp's Managing Director, Abhay Bhutada, resigns after SEBI actionBhutada will step down with immediate effect after the company's board accepted his Bhutada’s resignation, the company said in a statement ...
- Sebi bars Poonawalla Fincorp MD, 7 others from dealing in securitiesThe regulator has impounded the bank accounts of these individuals to the extent of Rs 13.58 crores.
- CCI clears Magma HDI stake sale to MS, ICICI Venture and Poonawalla GroupMagma HDI had in March announced a deal worth Rs 525 crore, including a primary capital raise of Rs 250 crore, involving funds managed by I...
- NSE-BSE bulk deals: True North Fund sells stake in Magma FincorpKuwait Investment Authority bought 1.79 million shares of Magma Fincorp at Rs 111 apiece through a bulk deal on the BSE.
- CCI approves Rising Sun Holdings’ acquisition of 60% stake in Magma FincorpAccording to a combination notice filed with the regulator, the transaction involves acquisition of 60 per cent stake by Rising Sun Holding...
- Adar Poonawalla-led Rising Sun Holdings notifies CCI of Magma Fincorp DealThe deal which involves the preferential allotment of shares worth Rs 3,206 crore, would give RSHPL a controlling stake in the non-banking ...
- Adar Poonawalla group firm makes open offer to buy additional stake in Magma FincorpEarlier this month, the Poonawalla Group and Magma Fincorp announced that the group will acquire a controlling 60 per cent stake in the com...
- NSE-BSE bulk deals: Goldman Sachs cuts stake in Magma FincorpGoldman Sachs India sold 53,95,905 shares of Magma Fincorp at Rs 33.08 per share. At the end of June quarter, it held 2.11 per cent stake i...
- PE firm KKR logs out of Magma with 2X returnsKKR Mauritius Direct Investments and Zend Mauritius and sold a large chunk of around 10 per cent during QIP this year.
- Magma Fincorp posted a higher net profit of Rs 38.06 crore for Q3 FY13Magma Fincorp posted a higher net profit of Rs 38.06 crore for Q3 ended December 31, 2012, compared to Rs 13.89 crore in the corresponding ...
- Magma Fincorp hopes to see higher growth in H2Magma Fincorp sees higher business growth in the second half as it aims to achieve 40 per cent growth in revenue during the fiscal, a top c...
- Magma Fincorp plans to start gold finance biz in first half of FY13Magma Fincorp, is planning to start its gold finance business in the Ist half of next financial year and doesn't forsee any regulatory hurd...
- Magma Fincorp taps KKR, IFC to raise Rs 440 cr; stock downKohlberg Kravis Roberts & Co agreed to buy 14.9% in Magma Fincorp, a Kolkata-based lender for trucks and farm equipment.
- Magma Fincorp taps KKR, IFC to raise Rs 440 crKohlberg Kravis Roberts & Co agreed to buy 14.9% in Magma Fincorp at a 27% premium to benefit from the soaring growth in Indian logistics a...
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