Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Magma Fincorp has informed that, as a forward integration step, the Board of Directors of the Company at its meeting held today has approved a proposal to enter into a co-branded credit card arrangement for issuance of co-branded credit card, subject to obtaining necessary approvals from the regulatory authority(ies)
The above information is a part of company’s filings submitted to BSE.