Magma HDI set for stake sale after failed PE deal with ICICI Venture, Morgan Stanley
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Magma HDI set for stake sale after failed PE deal with ICICI Venture, Morgan Stanley

By Beena Parmar

  • 18 Apr 2023
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Magma HDI set for stake sale after failed PE deal with ICICI Venture, Morgan Stanley
Adar Poonawalla | Credit: Reuters

Magma HDI General Insurance Co, which was a joint venture between Poonawalla FinCorp and German insurer HDI Global SE but is now controlled by vaccine king Adar Poonawalla, is set to see some stake change hands after a proposed deal with private equity firms ICICI Venture and Morgan Stanley PE ......

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