MUMBAI, Aug 10 (Reuters) - India's Magma Shrachi Finance Ltd. said on Friday it had formed a 74:26 joint venture with International Tractors Ltd. for financing tractors made by the latter under the brand, Sonalika.
The new company will be known as Magma ITL Finance Ltd., it said in a statement.
Magma shares were trading down 0.65 percent at 220 rupees in a weak Mumbai market.