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MAGMA HOUSING FINANCE
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...- Poonawalla Fincorp well capitalised to touch Rs 50,000 cr AUM in 5 years"Going forward, we will only focus on organic growth in our current and proposed line of business. We will continue to build a strong retai...
- 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 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...
- 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...
- NBFCs increasingly tapping retail investorsMagma Fincorp plans to raise up to Rs 500 crore by offering coupon at 10.25% to 10.75% for various tenors per annum.
- NBFCs tap retail NCDs to diversify borrowingBanks have tightened their lending to NBFCs and investors have become wary on investing in NBFCs.
- Magma Fincorp posts Q3 profit of Rs 74 croreThe company's total income from operations was up at Rs 633.92 crore.
- 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.
- Manish Jaiswal joins as new CEO of Magma Housing FinanceJaiswal has a 25 year experience in the corporate world and a stint with rating agency CRISIL. He would also be holding the additional char...
- Magma Fincorp Limited to expand its operations in South IndiaMagma recorded Rs 168 crore disbursements in Kerala in the second quarter of FY 17. The company has 12 branches across the state and two mo...
- Magma Fincorp targeting 20% growth in KeralaThe company will focus on auto loans, housing finance and used vehicle loans (suvidha) to deliver the numbers.
- Magma Housing Finance plans to raise Rs 700 crore via bondsThe company's will hold a meeting of the Board of Directors on October 28 to authorise the issue of debt securities for the said capital ra...
- Magma expects moderate growth in Kerala this yearMagma Fincorp Limited, an asset finance company, which disbursed Rs 439 crore in Kerala last year, plans to have a moderate growth in retai...
- Magma Fincorp AUM at Rs 18,378 croreAsset finance company Magma Fincorp Magma Fincorp shares surged 8.19 % on Thursday on BSE, after it doubled its profits in fourth quarter (...
- 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.
- 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 plans housing finance subsidiaryAsset finance company Magma Fincorp plans to enter into the housing finance market which is growing at 17-18% rate. It is also going to sta...
- 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...
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