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Magma Fincorp gets nod for merger of Magma Advisory Services with itself

21 Jun 2017 Evaluate

Magma Fincorp has received an approval for scheme of merger of Magma Advisory Services (a wholly owned subsidiary company) with the company. The board of directors at its meeting held on June 20, 2017 has approved for the same.

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).


Peers
Company Name CMP
Bajaj Finance 1034.20
Shriram Finance 1028.00
Aditya Birla Capital 398.60
Tata Capital 362.80
Chola Invest & Fin. 1845.00
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