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Magma raise Rs 500 crore via Qualified Institutional Placement

Updated : May 04, 2018 12:54 PM IST

The allotment of equity shares in the QIP was completed and with this capital raise, Magma's net worth has increased approximately by 25%, the company said.
The investors include Amansa Holdings, Goldman Sachs India, ICICI Prudential Life Insurance, HDFC Standard Life Insurance Co and DB International Asia Ltd.
Magma raise Rs 500 crore via Qualified Institutional Placement

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