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Adar Poonawalla buys 60% in Magma Fin

Vaccine king Adar Poonawalla has acquired Magma Fincorp by investing in a fresh issue that will give him 60% control of the private lender and its affordable housing and insurance arms. The 32-year-old Magma Fincorp was founded by partners Sanjay Chamria and Mayank Poddar.

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Discord abandons Microsoft acquisition talks: Report

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