Magma Fincorp shareholders approve 60% acquisition by Poonawalla-led firm
NEW DELHI: Non-banking finance company Magma Fincorp Ltd (Magma) on Tuesday said its shareholders have approved the company’s plan to raise up to Rs 3,456 crore by issuing preference equity shares to Adar Poonawalla-controlled Rising Sun Holdings Ltd (RSHPL) and two members from the promoter group. The members of the company approved with requisite majority […]