NBFC Fullerton India raises Rs. 750 cr equity from parent co

Mumbai, June 1, 2020: Fullerton India, a leading non-banking finance company rated AAA by CRISIL, ICRA and CARE, with a pan-India presence, today announced that it has raised capital of Rs. 750 crores from its parent company Fullerton Financial Holdings.

This additional capital will enable Fullerton India to further reach out to individuals and small businesses (MSMEs) by providing credit-based solutions to customers’ needs.

“This capital infusion reflects confidence in Fullerton India’s business model, management and prospects. As an NBFC focused on lending to individuals and small business (MSME), Fullerton India is poised to benefit from the various Government initiatives recently announced. This infusion will act as an additional capital buffer currently and convert to growth capital as we gradually reopen business. As bulk of our branches are in Green and Orange zones, we are well placed to bounce back strongly and re-connect with customers to assess their needs and provide solutions”, said Rajashree Nambiar, MD and CEO, Fullerton India.

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