NEW DELHI: Non-banking financial firm Fullerton India Credit Company today said it has raised funds worth Rs 850 crore, including Rs 150 crore in equity capital.
Fullerton India would receive Rs 150 crore additional equity capital from its parent firm Singapore-based Fullerton Financial Holdings, it said in a statement.
Both entities are part of Singapore's Temasek Holdings. "This fresh infusion of capital is timely. Fullerton India required additional capital to support growth plans, expand its distribution, enhance customer service capabilities and to extend strategic presence in under-served markets and customer segments," Fullerton India CEO and MD Shantanu Mitra said. Full story
