Magma Fincorp raises fund through QIP

19 Apr 2018 Evaluate

Magma Fincorp has raised capital amounting to approximately Rs 500 crore at a price of Rs 155 per equity share through Qualified Institutional Placement (QIP). The allotment of equity shares in the QIP has been completed. With this capital raise, the company's Net Worth has increased around 25%.

Magma Fincorp is a non-deposit taking NBFC registered with the Reserve Bank of India (RBI) as an asset finance company. It started operations two decades back and is now listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Poonawalla Fincorp Share Price

324.45 -5.40 (-1.64%)
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Peers
Company Name CMP
Bajaj Finance 6915.45
Shriram Finance 2946.20
Aditya Birla Capital 190.60
SBI Cards AndPayment 703.50
Mah & Mah Finl. Serv 272.10
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