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MAGMA FINCORP SHAREHOLDERS
Vijay Deshwal joins Poonawalla Group acquired Magma Fincorp as Group CEOVijay Deshwal, a post-graduate from Indian Institute of Management Ahmedabad (IIMA) is a seasoned banker with a track record of two decades...- 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...
- ICICI Venture, Morgan Stanley PE invest Rs 525 cr in Magma HDIFresh capital infusion of Rs. 250 crore will provide growth capital to meet the needs of the expanding distribution capabilities of the com...
- Magma Fincorp rises 5% as shareholders approve preferential allotment to Adar Poonawalla-led firmShareholders approved the company's plan to issue preference equity shares to Adar Poonawalla-controlled Rising Sun Holdings and two member...
- Stocks in the news: Vodafone Idea, IOC, Magma Fincorp, Power Grid, L&T and Godrej PropertiesVodafone Idea is in advance stages of processing order for network capacity expansion in six circles through Chinese telecom gear makers, a...
- Magma Fincorp shareholders approve Rs 3,456 cr share issue to promoters, Poonawalla coMagma Fincorp operates in retail finance, SME finance, housing finance and general insurance business. It has been catering for three decad...
- 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 ...
- Magma Fincorp to seek shareholders nod in March for Rs 3,206 cr deal with PoonawallaAn extraordinary general meeting (EOGM) of the members of Magma Fincorp will be held on Tuesday, March 9, 2021.
- Adar Poonawalla to own Magma FinCorp via equity infusionThe preferential allotment is for an aggregate value of Rs. 3,456 crores, subject to shareholders’ and other regulatory approvals, the comp...
- Stocks in the news: Mazagon Dock Shipbuilders, UTI AMC, Vedanta, Wipro, ONGC and RILVedanta Resources on Saturday said that it has failed to garner the required number of shares to delist Indian subsidiary Vedanta.
- Trending stocks: Magma Fincorp share price jumps 5%A total of 811,446 shares changed hands on the counter till 10:43AM (IST).
- Magma Fincorp Q4 results: Posts net loss of Rs 35.51 croreSequentially, there was a net profit of Rs 22.39 crore during the December quarter of FY20.
- 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 raises Rs 500 crore fresh equity, KKR partially exitsKKR, which was the largest shareholder in Magma with 16% interest, sold 10% to local MFs.
- Magma Fincorp plans to raise Rs 750 crore
- Magma Fincorp approves scheme of merger with Magma ITL FinanceThe board also approved raising of up to Rs 750 crore through issue of securities in one or more tranches.
- RBI restricts FIIs from purchasing shares in Tata ChemicalsAs of quarter ended September 2013, FIIs had 21.32 per cent shareholding in Tata Chemicals, as per data available on the BSE.
- NBFCs diversify business to qualify for banking licence“NBFCs with a balance-sheet size of Rs 20,000 crore would be aspiring to become banks,” said Ashwin Parekh.
- Magma Fincorp acquires GE's India home loan businessThe non-banking finance co signed definitive agreements to acquire GE Money Housing Finance and the entire home equity loan portfolios of G...
- Magma Fincorp to raise Rs 400 cr via QIBsMagma Fincorp has decided to raise up to Rs 400 crore of fresh resources from the market to meet its long-term working capital requirements.
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