India’s billionaire "vaccine prince" Adar Poonawalla has reached a deal for London’s most expensive home sale of the year, agreeing to pay about 138 mn pound for a 25,000 square foot Mayfair mansion, media reports said.
Magma Fincorp is now a subsidiary of Rising Sun Holdings Private Limited (owned and controlled by Adar Poonawalla), subsequent to an equity infusion of Rs 3,456 crore as of May 6.
Israel’s Mossad was accused of launching clandestine operations to procure large quantity of Covid testing kits.
Post the infusion of capital, Magma Fincorp and its subsidiaries will be renamed and rebranded Poonawalla Finance.
