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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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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.


“We are considering retail options too,