Page 2 - உயரும் சூரியன் ஹோல்டிங்ஸ் ப்ரைவேட் வரையறுக்கப்பட்டவை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shares of Magma Fincorp were locked in 5 per cent upper circuit for the second straight day, up 5 per cent at Rs 143.05 on the BSE on Tuesday after the company appointed Adar Poonawala as its chairman as part of a management overhaul following the Poonawala-controlled Rising Sun Holdings acquiring a controlling stake in it. The stock of the non-banking finance company was trading close to its 52-week high level of Rs 147.90, touched on May 10, 2021. Till 02:16 pm, a combined 1.01 million shares had changed hands and there were pending buy orders for 2.9 million shares on the NSE and BSE. Magma Fincorp is now a subsidiary of Rising Sun Holdings Private Limited (owned and controlled by Adar Poonawalla), subsequent to equity raise of Rs 3,456 crore on May 6, 2021. The process for rebranding of Magma Fincorp is underway and the Company would take on the Poonawalla brand upon receipt of all requisite approvals (RBI approval for name change has been received).

Vijay deshwalAdar poonawallaAdar poonawalaPoonawalla groupRising sun holdingsEmkay global financial servicesRising sun holdings privateMagma fincorpPoonawala controlled rising sun holdingsRising sun holdings private limitedMagma fincorp share priceAdar poonawalaவிஜய் தேஷ்வால்அடார் பூனாவல்லஅடார் பூனாவளபூனாவல்ல குழு