What is the new name of Magma Fincorp?
Poonawalla Fincorp Ltd.
Non-banking financial company (NBFC) Magma Fincorp Ltd. has been renamed Poonawalla Fincorp Ltd. following the acquisition of controlling stake by the Adar Poonawalla-led Rising Sun Holdings in May.
What happened to Magma Fincorp?
Non-banking finance company Magma Fincorp Ltd (Magma) on Thursday announced that it has changed its name to Poonawalla Fincorp Limited effective today, 22 July, 2021, following the acquisition of controlling stake by Adar Poonawalla-led Rising Sun Holdings Private Limited.
Who owns Magma?
The company operates more than 295 branches in 22 states and a union territory and has a strong presence in rural and semi-rural India….Poonawalla Fincorp.
| Type | Public |
|---|---|
| Traded as | BSE: 524000, NSE: MAGMA |
| Industry | Non-banking Financial Company |
| Founded | 1988 |
| Founder | Mr. Mayank Poddar and Mr. Sanjay Chamria |
Who is Vijay deshwal?
Vijay Deshwal, a post-graduate from Indian Institute of Management Ahmedabad (IIMA) is a seasoned banker with a track record of two decades. His experience spans across segments of banking, corporate finance, international business, and operations.
How do I check my magma loan balance?
Call toll-free number – 1800 3002 3202 or email at [email protected] to know Magma Finance car loan status.
Who is buying Magma Fincorp?
Adar Poonawalla
Magma Fincorp shareholders approve 60% acquisition by Adar Poonawalla-led firm. The company, whose promoter shareholding is slated to be changed to Poonawalla group as per the deal announced earlier this year, will allot 45,80,00,000 preferential shares to RSHPL for a consideration of ₹3,206 crore.
What does Magma Fincorp do?
Magma Fincorp Ltd is a publicly held non-banking finance company along with its subsidiaries and joint ventures engaged in providing asset finance housing business through its pan India branch network.
Who is the CEO of Magma Fincorp?
banker Vijay Deshwal
Veteran banker Vijay Deshwal will take charge as CEO at Magma Fincorp from the first week of July. He will also be the Group CEO of Poonawalla Group’s financial services business, the release said. Deshwal is currently a business head at ICICI Bank.
Where is the headquarter of Magma Fincorp?
West Bengal, India
Poonawalla Fincorp/Headquarters
Which caste is deshwal?
Unsourced material may be challenged and removed. The Deshwali, or sometimes pronounced Deswali, are a Rajput community found in the state of Rajasthan in India. A small number of Deshwali are found in the city of Hyderabad, Jharkhand .
How do I check my Magma HDI policy?
Visit the Magma HDI General Insurance website, select the self help option and then the ‘Alterations/ Modifications in Policy’ option. You can then enter your policy number, mobile number or email ID to log in.