Page 4 - Sanjay Chamria News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 stock markets are up only moderately, signalling the weakness at higher levels. Following the US market ...

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 company's 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 cent on Wednesday after shareholders approved the NBFC's plan to raise up to Rs 3,456 crore by issuing...

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 allotment of 49,37,14,286 equity shares of face value Rs 2 each of the company at an issue price of Rs 70 ...

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 company's 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 Tuesday (March 9), Magma said in a regulatory filing. The company, whose promoter shareholding is sl...