Acquisition History / Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar) / Magma Fincorp Limited

Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar) Acquires Magma Fincorp Limited

Announced January 2021 — $188.1M

Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar)NBFC / lending2021

What happened

Listed Kolkata NBFC, rebranded Poonawalla Fincorp after the deal Acquired through Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar), a vehicle of Adar Poonawalla / Poonawalla group. Source: https://www.sebi.gov.in/statistics/open-offers/mar2022.html

Acquirer
Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar)
Target
Magma Fincorp Limited
Announced
January 2021
Price
$188.1M
Industry
NBFC / lending
Buyer type
Holding company
Fund vehicle
Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar)
Backing investors
Adar Poonawalla / Poonawalla group
Status
Closed

By the numbers

Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar)'s acquisition history
1st of 1 tracked deals
Disclosed prices
1 of 1 Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar) deals
Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar)'s average disclosed price
$188.1M
Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar)'s largest disclosed deal
Magma Fincorp Limited ($188.1M)
Tracked acquisitions in 2021
98 across all acquirers
Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar) in NBFC / lending
1 acquisition

Frequently Asked Questions About This Acquisition

When did Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar) acquire Magma Fincorp Limited?

Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar) acquired Magma Fincorp Limited on January 2021. This was Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar)'s 1st publicly tracked acquisition out of 1 we have on record.

How much did Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar) pay for Magma Fincorp Limited?

Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar) paid $188.1M for Magma Fincorp Limited.

What does Magma Fincorp Limited do?

Listed Kolkata NBFC, rebranded Poonawalla Fincorp after the deal Acquired through Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar), a vehicle of Adar Poonawalla / Poonawalla group. Source: https://www.sebi.gov.in/statistics/open-offers/mar2022.html

What other NBFC / lending companies has Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar) acquired?

Magma Fincorp Limited is Rising Sun Holdings Private Limited (with Sanjay Chamria and Mayank Poddar)'s only publicly tracked acquisition in NBFC / lending so far.

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