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MAGMA GROUP
Two individuals settle insider trading case with Sebi in Poonawalla Fincorp matterTwo individuals, Surabhi Shah and Saumil Shah, settled with Sebi in a case related to alleged insider trading in the shares of Poonawalla F...26 Apr, 2023, 09.12 PM IST- 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...27 Dec, 2022, 11.47 PM IST
- 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.15 Sep, 2021, 10.16 PM IST
- 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...18 Jun, 2021, 06.46 PM IST
- Magma Fincorp hits upper circuit after top management rejigThe Adar Poonawala-controlled Rising Sun Holdings, the financial services arm of the group had completed the acquisition of the city-based ...01 Jun, 2021, 10.14 AM IST
- Sebi levies Rs 12 cr fine on Winsome Yarns, its MDThe firm had issued GDRs amounting to USD 13.24 million (around Rs 96 crore) on March 29, 2011.31 May, 2021, 09.57 PM IST
- Magma Fincorp appoints Adar Poonawalla as chairman, to be rebranded as Poonawalla Group companyThe lender has also appointed Abhay Bhutada as its managing director and Vijay Deshwal as chief executive officer. Deshwal, currently a bus...31 May, 2021, 05.43 PM IST
- 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...16 Mar, 2021, 08.56 PM IST
- 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...09 Mar, 2021, 11.03 PM IST
- 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...18 Feb, 2021, 11.06 AM IST
- 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, 2021.14 Feb, 2021, 10.03 AM IST
- 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...11 Feb, 2021, 11.54 AM IST
- 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.17 Nov, 2017, 10.18 PM IST
- Magma Fincorp net down 17% on shrinking businessThe company expects to grow disbursal in the second half of the fiscal and start building the asset under management again, with normal mon...03 Nov, 2016, 07.41 PM IST
- 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.09 Apr, 2012, 04.41 PM IST
- HDI-Gerling of Germany in 3-way JV for non-lifeGermany's HDI-Gerling International has entered into a three-way partnership with India’s Magma Fincorp and Celica Developers to set up a n...13 Aug, 2009, 02.05 AM IST
- 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...29 Jul, 2009, 02.24 AM IST
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