/ Magma Fincop Approved Scheme Of Merger ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 21 June 2017

Magma Fincop which approved the schemed of the merger with the Magma Advisory Services Ltd. On Tuesday, the company board of directors approved the merger.

Magma Advisory Services Ltd is the wholly owned subsidiary of the Magma Fincorp Ltd. Magma Advisory is the Transferor Company and the Magma Fincorp is the Transfer Company.

During the morning session on Wednesday, the stock was traded as high at 1.8% at Rs.173 per share at 0927 hours IST on BSE. It was high at Rs. 173.85 and it was low at Rs.170.3.
During the period of one year the stock was closed to 60% returns. It also outperformed BSE small cap and Nifty Financial Services in the same period.

Magma Fincorp Ltd is the non banking finance company and this company is engaged in the business of asset financing.

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