Capital markets regulator Sebi on Tuesday slapped a fine of Rs 10 lakh on an individual for flouting insider trading norms in the matter of Magma Fincorp (now known as Poonawalla Fincorp Ltd).

SEBI Penalises Individual For Violating Insider Trading Rules

Markets regulator Sebi on Thursday revoked a securities market ban imposed on six entities in a case of alleged insider trading in the shares of Poonawalla Fincorp Ltd, earlier known as Magma Fincorp Ltd.

Sebi revokes securities market ban on 6 entities in Poonawalla Fincorp case

Four entities on Wednesday settled with capital markets regulator Sebi a case pertaining to alleged insider trading in the shares of Poonawalla Fincorp Ltd, earlier known as Magma Fincorp Ltd, after paying Rs 10.97 crore towards the settlement fee.

Four entities settle insider trading case in Poonawalla Fincorp with Sebi

Adar Poonawalla-led Rising Sun Holdings had acquired controlling stake in Magma Fincorp for Rs 3,456 crore in February 2021.

Poonawalla Fincorp To Sell Housing Finance Unit To TPG

Bhutada had stepped down on his own accord from the board in September following the interim ex-parte order passed by Sebi for his alleged contraventions of the SEBI Insider Trading Regulations involving the shares of Magma Fincorp.

Poonawalla Fincorp reinstates Abhay Bhutada as MD

KPMG India has terminated the services of Saumil Shah, one of its partners. The consulting firm took this step after Shah was named in an insider trading investigation at Magma Fincorp.

KPMG drops partner named in Magma insider trading case

He currently holds 60% in Poonawalla Fincorp, after acquiring a majority stake in Magma Fincorp and re-naming it.

Fincorp MD exit won’t affect business: Adar Poonawalla

Poonawalla Fincorp MD barred from stock markets for insider trading in Magma Fincorp

The alleged insider trading predates to early this year when Adar Poonawalla had publicly disclosed his intent to acquire a controlling stake in the erstwhile Magma Fincorp, now Poonawalla Fincorp

SEBI Bars Poonawalla Fincorp MD From Stock Markets For Engaging in Insider Trading

Adar Poonawalla-owned Poonawalla Fincorp’s Managing Director Abhay Bhutada has been barred from the securities market by regulator SEBI (Securities and Exchange Board of India) for alleged insider trading.

Poonawalla Fincorp MD barred from stock markets for insider trading in Magma Fincorp; SEBI ruling explained

Rs 13.6 crore impounded; analysis by Sebi showed a group of connected entities had taken long positions in Magma Fincorp that were later squared off, generating huge profits

Sebi bars CEO of Poonawalla Finance, seven others for insider trading

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Poonawalla Fincorp Ltd is a non-banking finance company focusing on consumer and MSME financing with various loan products.