Company Profile

MAGMA FINCORP LTD.

NSE : MAGMABSE : 524000ISIN CODE : INE511C01022Industry : Finance - NBFCHouse : Magma
BSE24.70-1.3 (-5 % )
PREV CLOSE (Rs.) 26.00
OPEN PRICE (Rs.) 24.70
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 271808
TODAY'S LOW / HIGH (Rs.)24.70 25.00
52 WK LOW / HIGH (Rs.)12.7 137.35
NSE24.50 -1.25 (-4.85 % )
PREV CLOSE(Rs.) 25.75
OPEN PRICE (Rs.) 24.50
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 24.50 (535558 )
VOLUME 1108607
TODAY'S LOW / HIGH(Rs.) 24.50 25.00
52 WK LOW / HIGH (Rs.)12.9 137.35

Company News

Date Heading Details
17-Jun-2020 Magma Fincorp contributes Rs 5 crore to PM cares fund <div align="justify">Magma Fincorp has Pledged Rs 5 crore under the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund to support India's fight against coronavirus. The company is committed to participating in corporate India's response to address the global pandemic COVID-19 through funds directly to PM Cares, community welfare plans, providing meals and dry ration and through leveraging its expertise to offer assistance in the far reaching areas of the country. Magma has supported 5600 families which is around 30,000 people in 10 states fight hunger by providing Dry Ration and freshly cooked meals over the past two months.<br><br></div><div align="justify">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).<br><br></div>
11-Mar-2020 Magma Fincorp informs about record date <P align=justify>Pursuant to Regulation 60(1) and 60(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Magma Fincorp has informed about the Record date for the payment of interest/ redemption of the debentures with ISIN Number, INE511C07672 and INE511C07706 as on 21th March 2020 of the Company.<P align=justify>The above information is a part of company's filings submitted to BSE. <BR>
01-Feb-2020 Magma Fincorp gets nod to invest Rs 100 crore in subsidiary <p align="justify">Magma Fincorp's board has approved an investment up to a sum of Rs 100 crore in the Equity Share Capital of Magma Housing Finance, Wholly Owned Subsidiary, to augment the subsidiary's lending business. The Board of Directors at their meeting held on January 31, 2020 has approved the same.<p align="justify">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).</p>
31-Jan-2020 Magma Fincorp gets nod to raise Rs 3000 crore <p align="justify">Magma Fincorp has received an approval for raising funds through issuance of debt securities in the nature of non-convertible debt securities that is to say, secured, unsecured, subordinated debentures etc. for the financial year 2020-21 for an amount up to Rs 3000 crore. The Board of Directors at its meeting held on January 31, 2020 has approved the same.<p align="justify">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).</p>
16-Dec-2019 Magma Fincorp shines on the BSE <p align="justify">Magma Fincorp is currently trading at Rs. 56.35, up by 1.35 points or 2.45% from its previous closing of Rs. 55.00 on the BSE.<p align="justify">The scrip opened at Rs. 57.70 and has touched a high and low of Rs. 57.75 and Rs. 55.50 respectively. So far 33020 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 138.20 on 02-Jul-2019 and a 52 week low of Rs. 37.00 on 20-Nov-2019.<p align="justify">Last one week high and low of the scrip stood at Rs. 57.75 and Rs. 48.05 respectively. The current market cap of the company is Rs. 1515.56 crore.<p align="justify">The promoters holding in the company stood at 24.41%, while Institutions and Non-Institutions held 68.18% and 7.41% respectively.<p align="justify">Magma Fincorp has raised Rs 350 crore by way of Non- Convertible Debentures (NCDs) from Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V. (FMO), a Dutch Entrepreneurial Development Bank, to support the company's on-going growth plans. The NCDs issued on a private placement basis are unlisted, redeemable, senior secured and transferable.<p align="justify">This investment by FMO is under Voluntary Retention Route (VRR) for investment in Indian debt by foreign portfolio investment (FPI). Proceeds of the NCDs shall be utilized for the company's ongoing business operations including expansion and growth of its micro and small and medium enterprise (MSME) loan portfolio.<p align="justify">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).</p>
13-Dec-2019 Magma Fincorp raises Rs 350 crore from Dutch Development Bank <p align="justify">Magma Fincorp has raised Rs 350 crore by way of Non- Convertible Debentures (NCDs) from Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V. (FMO), a Dutch Entrepreneurial Development Bank, to support the company's on-going growth plans. The NCDs issued on a private placement basis are unlisted, redeemable, senior secured and transferable.</p><p align="justify">This investment by FMO is under Voluntary Retention Route (VRR) for investment in Indian debt by foreign portfolio investment (FPI). Proceeds of the NCDs shall be utilized for the company's ongoing business operations including expansion and growth of its micro and small and medium enterprise (MSME) loan portfolio.</p><p align="justify">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).<br></p>
13-Dec-2019 Magma Fincorp jumps on raising Rs 350 crore from Dutch Development Bank <p align="justify">Magma Fincorp is currently trading at Rs. 55.00, up by 2.60 points or 4.96% from its previous closing of Rs. 52.40 on the BSE.</p><p align="justify">The scrip opened at Rs. 55.00 and has touched a high and low of Rs. 55.00 and Rs. 53.00 respectively. So far 54074 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 138.20 on 02-Jul-2019 and a 52 week low of Rs. 37.00 on 20-Nov-2019.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 52.40 and Rs. 48.05 respectively. The current market cap of the company is Rs. 1468.41 crore.</p><p align="justify">The promoters holding in the company stood at 24.41%, while Institutions and Non-Institutions held 68.18% and 7.41% respectively.</p><p align="justify">Magma Fincorp has raised Rs 350 crore by way of Non- Convertible Debentures (NCDs) from Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V. (FMO), a Dutch Entrepreneurial Development Bank, to support the company's on-going growth plans. The NCDs issued on a private placement basis are unlisted, redeemable, senior secured and transferable.</p><p align="justify">This investment by FMO is under Voluntary Retention Route (VRR) for investment in Indian debt by foreign portfolio investment (FPI). Proceeds of the NCDs shall be utilized for the company's ongoing business operations including expansion and growth of its micro and small and medium enterprise (MSME) loan portfolio.</p><p align="justify">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).<br></p>
13-Dec-2019 Magma Fincorp submits press release <p align="justify">Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Magma Fincorp has informed about submission of the press release titled ‘Magma Fincorp raises Rs 350 Crore from FMO- the Dutch Development Bank.&nbsp;<p align="justify">The above information is a part of company's filings submitted to BSE.</p>
11-Dec-2019 Magma Fincorp infomrs about allotment of secured NCDs <p align="justify">Magma Fincorp has informed that pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) read together with Para A of Part A of Schedule III of the Listing Regulations, and pursuant to the approval of the Board in its meeting dated 31 January 2019 approving the overall limit for issuance of debt securities, the duly authorized Management Committee of the Board of Directors of the Company, at their meeting held on 10 December 2019, have approved the allotment of 3500 Nos. of unlisted, unrated, senior, secured, redeemable, transferable, non-convertible debentures denominated in Indian Rupees (NCDs) of the face value of Rs 10,00,000 each, at par, aggregating to Rs 350 Crores to Nederlandse Financierings- Maatschappij voor Ontwikkelingslanden N.V. (FMO) on private placement basis with a view to raise debt for its ongoing business operations of the Company including expansion and growth of its micro, small, medium enterprise(s) loan portfolio.<p align="justify">The above information is a part of company's filings submitted to BSE.</p>
11-Dec-2019 Magma Fincorp informs about change in directorate <P align=justify>Magma Fincorp has informed that pursuant to Regulation 30 of the Listing Regulations, the Board of Directors through Resolution by Circulation dated 10 December 2019 and based on recommendation of Nomination and Remuneration Committee has approved appointment of Bontha Prasada Rao (DIN 01705080) and Sunil Chandiramani (DIN 00524035), as Additional Director in the capacity of Independent Non-Executive Directors of the Company with effect from 10 December 2019 on the Board of the Company. The Company further informed that with the induction of Rao and Chandiramani, the Board will be broad based with eminent professionals and relevant expertise and technical &amp; managerial insight shall be added by the new Board Members. The Board of the Company shall now comprises seven directors of which five are Independent Non Executive Directors and two are Executive Directors. The Chairman of the Company is an Independent Non Executive Director. More than one-half of the Board of the Company consists of Independent Directors which includes one independent women director. The details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 is given in the enclosed annexure.<BR><P align=justify>The above information is a part of company's filings submitted to BSE.<P align=justify><BR><P align=justify><BR><P align=justify><BR>