Adar Poonawalla appointed chairman of Magma Fincorp
Magma Fincorp is now a subsidiary of Rising Sun Holdings Private Limited (owned and controlled by Adar Poonawalla), subsequent to an equity infusion of Rs 3,456 crore as of May 6.
Magma Fincorp is now a subsidiary of Rising Sun Holdings Private Limited (owned and controlled by Adar Poonawalla), subsequent to an equity infusion of Rs 3,456 crore as of May 6.
Post the infusion of capital, Magma Fincorp and its subsidiaries will be renamed and rebranded Poonawalla Finance.
