Vijay Deshwal has joined Poonawalla group acquired Magma Fincorp Ltd, as its Group CEO. In his new role, he would be responsible for the Lending and Housing Finance business along with its Insurance business. He will be based out of the Pune corporate office. Vijay Deshwal, a post-graduate from Indian Institute of Management Ahmedabad (IIMA)…
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…