Posted inAcquisition

Proposed acquisition of controlling stake in Magma Fincorp Limited by Rising Sun Holdings

Rising Sun Holdings Private Limited, a company controlled by Mr. Adar Poonawalla and Magma Fincorp Limited has announced a transaction for preferential issue of equity shares of Magma Fincorp which will result in a controlling stake being taken by Rising Sun Holdings and an open offer as per Public Announcement made under SAST guidelines. The […]