Magma Fincorp Limited has informed the Exchange that the
Board of Directors of the Company at its meeting held on November 06, 2014 have
decided to exit the line of business comprising of the Gold Loans originated by
the Company which line of business involves the grant of terms loans to
individuals and/or small businesses (whether constituted as a company, a
partnership firm, a sole proprietorship or otherwise) against the security of
gold ( Gold Loans ) and the Board further authorized the Management Committee
of the Board of Directors of the Company to do all such acts, deeds and things
as may be necessary or expedient to implement the above decision in the manner
as the Management Committee of the Board of Directors may deem fit. FOR MORE
DETAILS CONTACT 8122363668 www.jackpotfutures.com
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