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Magma Fincorp

Magma Fincorp

Magma Fincorp is a Kolkata-based company founded in 1988.

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Timeline

May 31, 2021
Magma Fincorp Limited announces the appointment of Adar Poonawalla as the chairman of the company.

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News

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SI Reporter
June 1, 2021
@bsindia
The company has appointed Adar Poonawala as its chairman as part of a management overhaul following the Poonawala-controlled Rising Sun Holdings acquiring a controlling stake in it
FE Online
June 1, 2021
The Financial Express
Nifty futures were trading 52.50 points or 0.34 per cent higher at 15,632.50 on Singaporean Exchange, suggesting a positive opening for BSE Sensex and Nifty 50 on Tuesday
SI Reporter
June 1, 2021
@bsindia
State-owned Canara Bank on Monday said it has appointed S K Majumdar as its chief financial officer (CFO) with immediate effect
BS Reporter
May 31, 2021
@bsindia
Vijay Deshwal, currently with ICICI Bank as its business head, will take charge as CEO of Magma Fincorp in July
Gireesh Chandra Prasad
April 12, 2021
mint
As part of the terms of the deal, Rising Sun Holdings will be classified as a 'promoter' of Magma Fincorp
Business Standard
March 17, 2021
@bsindia
Infrastructure investment trust IndiGrid said its board of investment managers has approved a proposal to raise up to Rs 5,300 crore, including through term loans and issuance of debentures
SI Reporter
March 10, 2021
@bsindia
The shareholders have approved the companys plan to raise up to Rs 3,456 crore by issuing preference equity shares to Adar Poonawalla-led firm
SI Reporter
March 10, 2021
@bsindia
AU Small Fin Bank launched its QIP on March 9 and fixed the floor price at Rs 1,181.06 per share
SI Reporter
February 19, 2021
@bsindia
Rating agencies, CARE and ICRA, placed the rating of the companys long/short term bank facilities on watch with developing implication
SI Reporter
February 18, 2021
@bsindia
In the past one week, Bank of Maharashtra and Indian Overseas Bank have surged up to 67 per cent on report that the government has shortlisted four mid-sized state-run banks for privatisation
February 17, 2021
The Economic Times
Earlier this month, the Poonawalla Group and Magma Fincorp announced that the group will acquire a controlling 60 per cent stake in the company by way of a Rs 3,456-crore-worth preferential issue of shares.
Nikita Vashisht
February 11, 2021
@bsindia
With Poonawalla taking control and fortunes of Magma Fincorp (MFL) expected to change, investors rushed to buy the latters shares which were locked in the 10 per cent upper circuit band
SI Reporter
February 11, 2021
@bsindia
Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in non-banking financial company by subscribing to Rs 3,456-crore preferential issue
SI Reporter
February 11, 2021
@bsindia
Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in non-banking financial company by subscribing to Rs 3,456-crore preferential issue
Abhijit Lele
February 10, 2021
@bsindia
As a part of deal, Magma will get fresh capital of Rs 3,456 crore
SI Reporter
February 10, 2021
@bsindia
Magma Housing Finance has progressed in its action for raising capital, with the aim of accelerating growth in this segment amid strong demand

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