Non-banking financial company Fullerton India received ₹150 crore capital from its parent company, Fullerton Financial Holdings.
“The funds received will be used for investment in the company’s housing finance subsidiary, Fullerton India Home Finance Company, and for the future growth requirements of Fullerton India,” Fullerton said in a statement.
Shantanu Mitra, Managing Director and CEO, Fullerton India, said: “The investment from our parent company is a boost to our lending business in India. Through this investment we will be further able to meet the needs of our customers across housing finance and other credit instruments.”
Fullerton India posted a 64 per cent increase in profit in the first half of this fiscal.