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Magma Fincorp News

Magma Fincorp Surges 10%, Hits 52-Week High As Adar Poonawalla's Firm To Acquire Stake

Shares of Magma Fincorp are locked in 10% upper circuit and hit a fresh high of Rs. 93.55 in Thursday's (February 11, 2021) deal as Adar Poonawala led company eyes controlling stake in the firm. On February 10, Rising Sun Holdings, ...

3 Finance Companies Taken Off India Ratings' Negative List

India Ratings has taken off three finance companies, namely Shriram City Union Finance (SCUF), Shriram Housing Finance, and Magma Fincorp, off its rating watch negative (RWN) status and affirmed the rating on improvement in their financial profile. The ratings and research ...

These NCDs On OfferTo Provide Higher Yields To Investors

Home grown financial companies have been tapping the NCD route to mop up funds. Of these 3 companies are opening their NCD issues today i.e. L&T Finance, Magma Fincorp and Muthoot Homefin. And the offers are lucrative given the likely rate ...