Adar Poonawalla appointed as chairman of Magma Fincorp
- The announcement is part of a series of leadership changes following the Poonawala-controlled Rising Sun Holdings acquiring controlling stake through an equity infusion of Rs3,456 crore earlier this month
Mumbai-based non-banking finance company Magma Fincorp Limited on Monday announced the appointment of Adar Poonawalla as the chairman of the company. Poonawalla is also the chief executive officer of Serum Institute of India, the maker of Oxford University-AstraZeneca Covishield vaccine in India.
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