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MAGMA GENERAL INSURANCE
In volatile times: 5 stocks with score improvement and upside potential of up to 24%There are reasons to expect more volatility in the short term. The Street will adjust to the likely decline of both the top and bottom line...- CCI clears Patanjali, 5 other entities' proposal to acquire 98 pc stake in Magma Gen InsuranceThe Competition Commission of India (CCI) has approved Patanjali Ayurved and five other entities' proposal to acquire a majority stake in M...
- Magma sells general insurance business to Patanjali, DS GroupBaba Ramdev's Patanjali Ayurved, along with Dharampal Satyapal Group, has acquired a majority stake in Magma General Insurance from Sanoti ...
- Patanjali Ayurveda forays into insurance sector, acquires majority stake in Magma General InsurancePatanjali Ayurved, led by Yoga Guru Ramdev, and the Dharampal Satyapal Group (DS Group) will acquire Magma General Insurance from Sanoti Pr...
- ED imposes ₹80 crore penalty on Magma HDI, 2 former promotersThe Enforcement Directorate (ED) has penalised Magma HDI General Insurance Company and two of its former promoters ₹80 crore for breaching ...
- 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...
- 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...
- 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 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 HDI General Insurance Company ready to insure infertility treatmentMagma HDI General Insurance Company will be the first company to provide insurance cover for infertility treatment of women in India on a s...
- HDI to exit JV with Magma after a five-year marriageMagma HDI General Insurance offers a wide range of products from health to travel to motor insurance.
- Magma may dilute stake in insurance JV from 74% to 51%Krishnan had earlier proposed increasing its gross written premium to Rs 600 crore in FY'15 from Rs 425 crore in last fiscal.
- Magma HDI General Insurance plans pre-paid electronic health cardMagma HDI MD & CEO Swaraj Krishnan said here today that the pre-paid health card was a step forward from the cashless concept.
- Magma Fincorp sees 30 per cent loan growth, NIM improvement in FY14Magma Fincorp today said it hopes to grow its loan book by around 30 per cent in the ongoing financial year.
- Germany's HDI-Gerling pays four times premium for a 26% stake in Magma General InsuranceThe two-way joint venture between HDI and Magma Fincorp will start operation with Rs 208 crore capital while Rs 100 crore is the paid up.
- Retail finance firm Magma Fincorp sets up office in GurgaonBSE listed retail finance firm Magma Fincorp on Monday announced it has set up its 56th office in north India.
- Magma Fincorp hopeful of getting insurance licence next yearThe NBFC and its promoters Celica Developers have entered into a joint venture with Germany's HDI Gerling to form Magma HDI General Insuran...
- Magma Fincorp to get into insurance, expects IRDA nod in FY'11Vehicle financing firm Magma Fincorp expects regulatory clearance for its general insurance venture with a Germany-based company during thi...
- Magma, HDI-Gerling form insurance JVMagma Fincorp is foraying into insurance business. The company has just inked an agreement with German insurance major HDI-Gerling Internat...
- Magma Fincorp forays into insurance businessMagma Fincorp is foraying into insurance business. The company has just inked an agreement with German insurance major HDI-Gerling Internat...
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