Stay in the loop every day with Yahoo Finance's free Fully Briefed newsletter. Cyrus Poonawalla Group, which is into the manufacture of vaccines, now seems to be focussing on the financial services sector with plans to take a controlling stake in Magma Fincorp.While the group ha Adar Poonawalla became the CEO of Serum Institute with complete control of the day-to-day operations of the company in 2011. Magma Fincorp share price jumped over 9 percent in the morning session on February 11 on news that Adar Poonawalla-backed firm will acquire majority stake in the company. Poonawalla Finance has an outstanding loan book of around Rs 1,150 crore and it prices loans at 9.99-11.99 per cent. Dr. Cyrus Poonawalla, Chairman of Poonawalla Group which includes the privately owned Serum Institute of India, India’s top biotech company and the world’s largest vaccine manufacturer by number of doses produced and sold globally (more than 1.3 billion doses). “The price as we had shared earlier will be $3 or ₹220 for governments per dose and ₹1,000 per dose for the private market,” Poonawalla said in an interview to ET. Family. Shares of Magma Fincorp are locked in 10% upper circuit and hit a fresh high of Rs. "Hurun Global Rich List - 2019 listed Dr. Poonawalla as the 4 th richest person in India and 100 th in the … On this remarkable achievement, Adar Poonawalla, Chairman of Poonawalla Finance said, "It is a great moment for us to cross the milestone of INR 1000 Crore in AUM in such a short period. Get the news straight to your inbox every day. 93.55 in Thursdays (February 11, 2021) deal as Adar Poonawala led company eyes controlling stake in the firm. Top 10 percenters are the people who are successful and at the top of their game. Shares of American Eagle Outfitters were up 3.8% in Thursday’s pre-market trading session after the lifestyle, clothing, and accessories retailer reported 4Q results that topped Street estimates. Share prices are driven by supply and demand and other market forces, but there are quantitative techniques used to predict or set a value on stocks. Bajaj Finance share has risen 17.5% or Rs 824.45 in last nine days. Poonawalla’s acquisition vehicle -- Rising Sun Holdings -- will also make an open offer for the rest of Magma’s shares at 70 rupees each, some 25% discount to the current price. An extraordinary general meeting (EOGM) of the members of Magma Fincorp will be held on Tuesday, March 9, 2021, Magma Fincorp said in a regulatory filing.. He was awarded the Padma Shri for his contribution to the field of medicine, by the Government of … View daily, weekly or monthly format back to when 20318540 stock was issued. Google Finance provides real-time market quotes, international exchanges, up-to-date financial news, and analytics to help you make more informed trading and investment decisions. Chairman of Poonawalla Group which includes Serum Institute of India, India's top biotech company and the world's largest vaccine manufacturer by number of doses produced and sold globally (more than 1.5 billion doses). COVID-19: Serum Institute CEO Adar Poonawalla reveals cost of Covishield vaccine in private markets - Check price here - Serum Institute of India CEO Adar Poonawalla on Tuesday (January 12) said that 'Covishield' will be made available in private markets at Rs 1,000. MUMBAI: Natasha Poonawalla is a name that needs no introduction.She is a famous fashionista and socialite and is the wife of Adar Poonawalla, the CEO of Serum Institute of India (SII), the local manufacturer of … Discover historical prices for YHOO stock on Yahoo Finance. He was married to Villoo Poonawalla, who died in 2010. Coronavirus COVID-19: Serum Institute CEO Adar Poonawalla reveals cost of Covishield vaccine - Check price here. The pact offers no processing fee for loans up to 36 months, zero prepayment charges, and fully digital processing, … At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. "It was my honour to brief you today, Shri Hon'ble @AmitShah Ji on the vaccine capabilities of our country and the ongoing rollout of vaccines in India," Poonawalla … The future for his dynasty looks bright, says Jane Lewis. Adar Poonawalla, the chief of the world’s biggest vaccine manufacturer by volume, has an ambitious plan to rescue us all from Covid-19. At Yahoo Finance, you get free stock quotes, the latest news, portfolio management resources, international market data, social interaction and mortgage rates to help you manage your financial life. At Yahoo Finance, you get free stock quotes, the latest news, portfolio management resources, international market data, social interaction and mortgage rates to help you manage your financial life. Poonawalla Finance started in April 2019 has crossed Rs 2000 Crores in assets in management (AUM) and is one of the most well-capitalized NBFCs in India. Serum Institute of India (SII) CEO Adar Poonawalla on Friday said he met Union Home Minister Amit Shah and apprised him about the ongoing COVID-19 vaccine rollout in the country. The owners of India's two top vaccine-makers have praised the Union Budget as a right step in the direction towards better healthcare amid the COVID-19 pandemic. SII CEO Adar Poonawalla on Sunday revealed the prices of Covishield and disclosed that his company has fixed two different prices for the vaccine. Get the latest Alphabet Inc Class A (GOOGL) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. The stock hit an intra day high of Rs 5,559 today against close of Rs 4,734.55 on January 29. — have proposed an open offer to purchase an additional 26 per cent stake in Magma Fincorp for over Rs 1,391 crore. Cyrus Poonawalla was born in a Parsi family. The EOGM will transact the special business for preferential allotment of equity shares of the company to issue and allot 49,37,14,286 equity shares of the company, having face value of Rs 2, at a price of Rs 70 per equity share … Awards. They have a son, Adar, who currently works as the CEO of Serum Institute of India. "The open offer is to acquire up to 19,88,32,105 equity shares, constituting 26% of the expanded voting share capital at a price of Rs 70 a piece. Bhutada said the tie-up is to offer special collateral-free term loans to company secretaries. RSHPL is present in financial services sector through its subsidiary Poonawalla Finance Private Limited, ... Heranba Industries share makes strong debut, lists at 43% premium to issue price. Poonawalla Group of Companies are engaged in a wide array of activities ranging from Horse Racing and Breeding, Biotech and Engineering.POONAWALLA GROUP - Poonawalla Stud Farms, Serum Institute of India, Poonawalla Intervalve, El-O-Matic His father was a horse breeder. This will depend on the government allowing private sales, he said. For all latest Business News, Market News, Income Tax News, Share Market, Sensex Today live updates follow Times Now ... piped cooking gas prices hiked in Delhi from today. Share Tweet ... Magma Fincorp Ltd. and its subsidiaries shall be renamed and rebranded under the brand name 'Poonawalla Finance', ... Fuel prices resurge after 3-day break