Poonawalla Fincorp MD & CEO Abhay Bhutada Resigns After SEBI Bars Him and 7 Others For Insider Trading in Magma Fincorp moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Read more about Serum Institute s Adar Poonawalla appointed chairman of Magma Fincorp on Business Standard. Vijay Deshwal, currently with ICICI Bank as its business head, will take charge as CEO of Magma Fincorp in July
Magma Fincorp also said that Vijay Deshwal, a seasoned banker with a track record of over two decades, will take charge as the company s CEO from the first week of July.
Adar Poonawalla s Rising Sun Holdings notifies CCI about Magma Fincorp deal
The acquisition will enable RSHPL to achieve higher efficiencies in its existing businesses in the financial lending space as well as expand and diversify its operations in other business areas.
BusinessToday.In | March 4, 2021 | Updated 22:49 IST
Rising Sun Holdings is a part of Adar Poonawalla s Rising Sun group of companies.
Adar Poonwalla-led Rising Star Holdings Private Ltd (RSHPL) has filed a combination notice with the Competition Commission of India (CCI) about its 60 per cent stake acquisition in financial services company Magma Fincorp Ltd.
As part of the deal, RSHPL will acquire 60 per cent stake in Magma Fincorp, while the non-banking financial company s promoter Sanjay Chamria and Mayank Poddar will acquire 4.68 per cent shareholding.