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KKR, Indium, Leapfrog to pump Rs 500cr in Magma via Pref Issue

Indium, an investment vehicle advised by India Value Fund Advisors, will be investing Rs 220 crore, while emerging market investor Leapfrog Investments will infuse Rs 200 crore, the Kolkata-based lender said in a statement.

Magma Fincorp sees 30% loan growth, NIM improvement in FY14

The company had reported a NIM of 4.91 percent in the last fiscal compared to 3.40 percent a year earlier.

Magma completes acquisition of GE Money Housing Finance

Leading NBFC Magma Fincorp today announced that it completed the acquisition process of GE Money Housing Finance which has an outstanding loan portfolio of Rs 1,320 crore.

India Inc on shopping spree, announces deals worth Rs 2,850 cr

Tata Power bought 26 per ent stake in Indonesia's PT Baramulti Suksessarana mine for an undisclosed sum.

Magma Fincorp buys GE Capital's home finance biz for Rs 1,600 cr

While the deal marks the exit of GE Capital's two decades of home loan business in the country, it also marks the entry of Magma into the domain.

Magma Fincorp Q1 net jumps 93%

City-based non-banking finance company (NBFC) Magma Fincorp Thursday reported a 92.76 percent jump in its consolidated net profit to Rs.33.02 crore for the quarter ended June 30, 2012, from Rs.17.13 crore during the same period a year ago.

Magma Fincorp plans to start gold finance biz in H1 of FY13

Magma Fincorp plans to start gold finance business in the first half of next financial year.