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Wednesday, February 13, 2013 - 15:14 IST
PE-backed Magma Fincorp acquires Religare Finvest’s auto lease business
BY Diksha Dutta
Backed by KKR and IFC, Magma Fincorp has also completed a transaction to acquire GE Capital India’s housing finance and home equity loan business.
Magma Fincorp Ltd (MFL) has acquired the Rs 250 crore auto lease business portfolio from Religare Finvest, a subsidiary of Religare Enterprises Ltd (REL). The firm, however, did not disclose the financial details of the transaction.
The news...
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