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Fullerton India plans to raise Rs 100 bn in FY19 to fund lending operations

The company raised about Rs 70 billion the 2017-18

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Fullerton India  |  Temasek  |  Securities

Abhijit Lele  |  Mumbai 

Fullerton India Credit Company Ltd, the Temasek-backed finance firm, plans to raise Rs 100 billion in FY19 to fund lending operations. Rajashree Nambiar, CEO and MD of Fullerton India, said borrowings will be through a combination of bank lines, bonds, commercial papers and securitisation.

The company raised about Rs 70 billion the 2017-18. Like many financing firms and housing finance outfits tapping retail investors to raise money through bonds, Fullerton may also issue securities (bonds) to small investors. ALSO READ: Lendingkart raises $87 mn in funding led by ...

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First Published: Tue, July 10 2018. 00:33 IST
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