GE Capital India to sell mortgage loan biz to Magma FinCorp

Nov 08 2012, 20:19 IST
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Magma Fincorp has acquired GE Money Housing Finance and home equity loan portfolios of GE Money Financial Services. (Reuters) Magma Fincorp has acquired GE Money Housing Finance and home equity loan portfolios of GE Money Financial Services. (Reuters)
SummaryMagma Fincorp has acquired GE Money Housing Finance.

said.

Until the completion of the transactions, GE Money mortgage customers in India will continue to be serviced by the GE Money team.

The transactions are subject to standard conditions precedents including regulatory approvals, as applicable.

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