Magma Fincorp inks pact with Social PR Outsourcing

10 Jun 2011 Evaluate

Magma Fincorp has entered into an agreement with Social PR Outsourcing to use digital media to connect with multiple stakeholders such as customers, current and prospective employees, investors, share holders and business partners.

Recently, the company had received an investment of Rs 440 crore, led by funds managed by Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) along with International Finance Corporation (IFC). The capital infusion will be used to support Magma’s growth plans in existing businesses in addition to newer areas.

Magma Fincorp is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an Asset Finance Company. The company, having started operations over two decades back, is listed on the Bombay Stock Exchange and the National Stock Exchange in India.

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Peers
Company Name CMP
Bajaj Finance 7073.00
Shriram Finance 2930.30
Aditya Birla Capital 190.80
SBI Cards AndPayment 709.75
Mah & Mah Finl. Serv 269.25
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