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
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...
13 Apr, 2021, 07.24 AM IST
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 ...
04 Mar, 2021, 07.42 PM 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
Buy Magma Fincorp, target price Rs 95: ICICI SecuritiesMagma Fincorp Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 2085.29 Crore) operating in NBFC secto...
09 Feb, 2021, 11.43 AM IST
Magma Fincorp says customers opting for moratorium falls to 46%; stock rises 5%Shares of Magma Fincorp hit a 5 per cent upper circuit limit earlier in the day at Rs 24.60
08 Jul, 2020, 12.43 PM IST
Trending stocks: Magma Fincorp share price jumps 5%A total of 811,446 shares changed hands on the counter till 10:43AM (IST).
19 Jun, 2020, 10.45 AM IST
Magma Fincorp raises Rs 500 crore via QIPThe allotment of equity shares in the QIP was completed and with this capital raise, Magma's net worth has increased approximately by 25 pe...
04 May, 2018, 12.53 PM IST
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.
09 Nov, 2017, 10.28 PM IST
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...
22 Dec, 2016, 07.06 PM IST
Magma Fincorp targeting 20% growth in KeralaThe company will focus on auto loans, housing finance and used vehicle loans (suvidha) to deliver the numbers.
12 Feb, 2016, 04.00 PM IST
Magma Fincorp fourth quarter net profit up over 19 per centNet profit of NBFC Magma Fincorp increased by over 19 per cent at Rs 42.17 crore as compared to Rs 35.4 crore in the previous similar perio...
07 May, 2014, 07.37 PM IST
- Magma Fincorp hopes to see higher growth in H2
Magma 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...
03 Oct, 2012, 04.09 PM IST
- Magma Fincorp plans to start gold finance biz in first half of FY13
Magma Fincorp, is planning to start its gold finance business in the Ist half of next financial year and doesn't forsee any regulatory hurd...
16 Feb, 2012, 08.08 PM IST
- Magma Fincorp's focus on high-yield loans segment may pay off
Auto financing NBFC Magma Fincorp posted a marginal fall in net profit by 6% in the June quarter. The management's strategy to reduce its d...
14 Jul, 2011, 03.05 AM IST
- Magma Fincorp taps KKR, IFC to raise Rs 440 cr; stock down
Kohlberg Kravis Roberts & Co agreed to buy 14.9% in Magma Fincorp, a Kolkata-based lender for trucks and farm equipment.
24 May, 2011, 10.17 AM IST
- NBFC Magma Fincorp eyes 25% growth in disbursements
Non-banking financial company (NBFC) Magma Fincorp is targeting disbursements of Rs 5,500 crore in the current fiscal, up 25 per cent from ...
12 Sep, 2010, 11.09 AM IST