Magma Fincorp has informed that the Management Committee of the Board of Directors of the Company (which has been duly authorized in this regard) at its meeting held on February 27, 2017, has approved sale of Non-Performing Assets of the Company in one or more tranches from time to time, up to a maximum total amount of Rs 600 crores.
The above information is a part of company’s filings submitted to BSE.