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Fullerton India Credit Co Ltd, a non-banking finance company, is getting a capital infusion of Rs 150 crore from its parent, Fullerton Financial Holdings (FFH), Singapore.
The capital infusion is an indication of FFH’s confidence in the company, said Shantanu Mitra, CEO and Managing Director, Fullerton India Credit Co Ltd.
FFH had last made a capital infusion of $50 million in Fullerton India in August 2009. The paid-up capital of Fullerton India now stands at Rs 1,708 crore. Fullerton India Credit Co has also raised Rs 100 crore in tier-II subordinated debt. In the last fortnight, the company had raised Rs 600 crore in non-convertible debentures.
For 2011-12, Fullerton India had registered a net profit of Rs 49.79 crore. Its net profit in the June quarter this fiscal stood at Rs 28 crore.
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