Magma Fincorp to disburse Rs.343 crore in Chhattisgarh
Asset financing company Magma Fincorp Limited said Wednesday it will disburse Rs.343 crore in retail loans to the poor in Chhattisgarh in 2010-11.
Magma Energy Corp. announced today that in connection with its previously announced public offering, it has entered into an underwriting agreement and has filed an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Quebec with respect to the issuance of 35,714,286 common shares of Magma at a price of $1.12 per share, for gross proceeds of $40,000,000.