Magma agreement
Hindustan Times, 10 March 2010, Kolkata
Magma Fincorp Ltd has signed an agreement with VE Commercial Vehicles (VECV) - a 50-50 joint venture between the Volvo Group and Eicher Motors. The tie-up between the two is for financing Eicher-branded trucks and buses.
Magma Fincorp signs pact with VE
Business Standard, 9 March 2010, Kolkata
Asset financing company Magma Fincorp today entered into an agreement with VE Commercial Vehicles for financing Eicher range of trucks and buses. Vice-Chairman and Managing Director of Magma Fincorp Sanjay Chamria said in a statement that the agreement would help the company in aligning with the growth trajectory. VE Commercial Vehicles had been formed as a 50:50 joint venture between Volvo group and Eicher Motors. Chamria said that Magma is currently managing assets to the tune of Rs 9,390 crore.
Magma Fincorp signs pact with VE
Hindu Business Line, 9 March 2010, Kolkata
Asset financing company Magma Fincorp on Monday entered into an agreement with VE Commercial Vehicles for financing Eicher range of trucks and buses. Vice-chairman and managing director of Magma Fincorp Mr Sanjay Chamria said in a statement that the agreement would help the company in aligning with the growth trajectory. VE Commercial Vehicles had been formed as 50:50 joint venture between Volvo group and Eicher Motors. Mr Chamria said that Magma is currently managing assets to the tune of Rs 9,390 crore.
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