Page 2 - Sanjay Chamria News Today

The Civil Aviation Ministry said on Monday that airlines are not allowed to serve meals on flights that have a duration of less than two hours in the wake of a spike in coronavirus cases in India.The ban will come into effect from April 15, the ministry s

Explore Now NEW DELHI: The Competition Commission of India (CCI) on Monday approved acquisition of majority shareholding in Magma Fincorp Ltd by Adar Poonawalla-controlled Rising Sun Holdings and two other individuals. The two individuals -- Sanjay Chamria and Mayank Poddar -- are existing promoters of Magma Fincorp. According to a combination notice filed with the regulator, the transaction involves acquisition of 60 per cent stake by Rising Sun Holdings and 4.68 per cent shareholding by the t...

The Competition Commission of India (CCI) has approved the acquisition of shareholding in Mumbai-based non-banking finance company Magma Fincorp Limited by Rising Sun Holdings Private Limited and Sanj

Poonawallas, ICICI Venture, others back Magma HDI Top Searches Poonawallas, ICICI Venture, others back Magma HDI TNN / Updated: Mar 17, 2021, 10:58 IST FacebookTwitterLinkedinEMail Adar Poonawalla, CEO, Serum Institute of India (File photo) MUMBAI: The Poonawallas of the Serum Institute, together with ICICI Venture and Morgan Stanley PE Asia, have invested Rs 525 crore in Magma HDI General Insurance — part of the Magma Group, which was acquired by the vaccine maker last month. “I see huge ...

Nifty, Sensex reverses gains as the US premarket futures fall – Weekly closing report Moneylife Digital Team  0 We had mentioned in last week’s closing report that Nifty, Sensex will follow global cues on tech stocks. The major indices rallied this week but faced a correction on Friday ending the week with minor gains over previous Friday’s close.       On Monday, the indices opened higher but lost all gains and ended flat. On the NSE, there were 1,175 advances, 728 declines and 85 u...

Stocks likely to see action today are: AU Small Finance, Godrej Properties, Max Healthcare, Confidence Petroleum India, JSW Energy, Jubilant Foodworks, Magma Fincorp and PowerGrid Indian stock markets are expected to open with a gap-up opening on Wednesday, thanks to strong global cues. As US Treasury yields softened considerably, the tech-heavy Nasdaq jumped 3.7 per cent overnight. The S&P 500 and the Dow Jones Industrial Average too gained 1.4 per cent and 0.10 per cent. However, Asian stoc...

Magma Fincorp rises 5% as shareholders approve preferential allotment to Adar Poonawalla-led firm SECTIONS Last Updated: Mar 10, 2021, 10:15 AM IST Share Synopsis Shareholders approved the companys plan to issue preference equity shares to Adar Poonawalla-controlled Rising Sun Holdings and two members from the promoter group. Agencies The Magma Fincorp scrip got locked in its 5% upper circuit limit at Rs 136.40 on BSE. Related NSE Explore Now NEW DELHI: The Magma Fincorp stock climbed 5 per cen...

Magma Fincorp hit an upper circuit of 5% at Rs 136.40 after the company received shareholders approval for acquisition of controlling stake by Rising Sun Holdings through preferential issue.The company plans to raise up to Rs 3,456 crore by issuing preference equity shares to Rising Sun Holdings, a company controlled by Adar Poonawalla and two members of the promoter group. Shareholders of Magma Fincorp at an extraordinary general meeting of on Tuesday approved the proposed preferential allotme...

We had mentioned in Tuesday’s closing report that Nifty, Sensex may rally if US market closes firm. On Wednesday, the indices opened near its day’s high but ended lower with minor gains.

Non-banking finance company Magma Fincorp Ltd (Magma) on Tuesday said its shareholders have approved the companys 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 the preferential issue of 49,37,14,286 equity shares to RSHPL, Sanjay Chamria and Mayank Poddar at the extraordinary general meeting (EGM) held on Tu...