Business Standard

Magma Fincorp completes acquisition of 26% in Magma ITL

Image

Capital Market

From International Tractors (JV partner)

Magma Fincorp has completed the acquisition of 26% stake of Magma ITL Finance, subsidiary of the Company from International Tractors, one of the existing shareholders of MITL (the joint venture partner). By virtue of the said acquisition, MITL has become wholly owned subsidiary of the Company.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 28 2017 | 4:55 PM IST

Explore News