magma fincorp

Relaxing its earlier directions, Sebi on Monday removed the securities market ban imposed on eight entities with respect to alleged insider trading activities in the shares of Poonawalla Fincorp Ltd, which was earlier known as Magma…

The Enforcement Directorate (ED) has penalised Magma HDI General Insurance Company and two of its former promoters ₹80 crore for breaching the foreign investment limit for the sector when the insurer raised Rs 210 crore in 2012. The FDI…

Piramal Enterprises Limited (PEL) appointed Rupen Jhaveri as group president, who will primarily focus on financial services. The appointment is effective from Friday. In the newly created role, Rupen will be responsible for business…

Consulting firm KPMG India has terminated the services of one of its partners, Saumil Shah, after he was named in a Sebi investigation into insider trading at -- now known as Poonawalla Fincorp. The move came on Monday, a few days after…

In February 2021, SEBI's system generated insider trading alerts related to Poonawalla Fincorp's shares Securities and Exchange Board of India (SEBI) on Wednesday barred Poonawalla Fincorp Managing Director Abhay Bhutada and seven…

Poonawalla Finance, part of the Cyrus Poonawalla Group that also owns top vaccine maker Serum Institute of India (SII), has bought 13 floors in a commercial tower in Pune’s Mundhwa locality for about Rs 464 crore. This is one of the largest…