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Poonawalla Fincorps stake in JV Magma HDI to reduce to 2152Percentage

1 Apr 2022 , 01:33 AM

Poonawalla Fincorp announced that its shareholding in Magma HDI General Insurance Company a joint venture will get reduced from the current 29321Percentage to 21522Percentage following proposed capital raise of Rs 44993 crore by Magma HDI by way of preferential issue to third party investors

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