Adar Poonawalla-controlled Rising Sun Holdings has acquired a 60% stake in the non-banking financial company Magma Fincorp by subscribing to a Rs 3,456 crore preferential issue.
Read more about Magma Fincorp jumps 10% as Adar Poonawalla to acquire 60% stake in firm on Business Standard. Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60 per cent stake in non-banking financial company by subscribing to Rs 3,456-crore preferential issue
Fidelity cashes in most of GameStop stake
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GameStop soared almost eightfold in the last week of January as retail investors spurred on by Reddit forums and Discord chats piled into the stock, causing pain for professional hedge funds who had shorted the video game retailer’s shares.
(REUTERS)
. Updated: 11 Feb 2021, 01:34 PM IST The Wall Street Journal
Firm sold nearly all positions in GameStop last month, ending run as volatile stock’s largest shareholder
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Fidelity Investments sold nearly all of its positions in GameStop Corp. last month, just as shares of the videogame retailer were surging.
“Entire capital and lending business will be in new Magma Fincorp entity, Poonawalla Finance will cease to exist in its current form…can grow at least at 20-25% over next 4-5 years, says Adar Poonawalla.
मैग्मा फिनकॉर्प शेयर प्राइस: मैग्मा फिनकार्प में बड़ी हिस्सेदारी खरीदेंगे अदार पूनावाला, शेयर 10% उछला indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.