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Magma Fincorp Raises 1.22 Billion Rupees Through QIP

May 13 (Bloomberg) -- Magma Fincorp Ltd. raised 1.22 billion rupees selling shares to large investors, according to an e-mailed statement today. Magma Fincorp sold 4.07 million shares at 301 rupees each, the statement said.

Link to Company News:{MGMA IN <Equity> CN <GO>}

To contact the editor responsible for this story: Pradeep Kurup at

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