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TMI BlogCCI approves acquisition of shareholding in Magma Fincorp Limited by Rising Sun Holdings Private Limited and Mr Sanjay Chamria and Mr Mayank PoddarX X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves acquisition of shareholding in Magma Fincorp Limited by Rising Sun Holdings Private Limited and Mr Sanjay Chamria and Mr Mayank Poddar - News and Press Release Dated:- 13-4-2021 - News - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Competition Commission of India (CCI) approves acquisition of shareholding in Magma Fincorp Limited by Rising Sun Holdings Private Limited and Mr Sanjay Chamria and Mr Mayank Poddar. The prop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osed combination envisages acquisition of stake in Magma Fincorp Limited ( Magma Fincorp ) by Rising Sun Holdings Private Limited ( Rising Sun ) and Mr Sanjay Chamria and Mr Mayank Poddar. Rising S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... un is part of Mr Adar Poonawalla s Rising Sun group of companies. It is present in the financial services sector through its subsidiary, Poonawalla Finance Private Limited, which is a systemically imp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ortant non-deposit taking non-banking finance company ( NBFC ). Magma Fincorp is also a systemically important non-deposit taking NBFC. It offers a bouquet of financial products including commercia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l finance, agri-finance, SME finance, mortgage finance and general insurance with focus on the rural and semi-urban sectors. Detailed order of the CCI will follow. - News - Press release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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