Profit

Fullerton India to raise Rs 1000 cr via IPO

PUBLISHED ON: May 13, 2008 | Duration: 1 min, 42 sec

  
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Singapore based Temasek Holdings is looking at diluting 10 per cent stake in Fullerton India Credit Company, a wholly owned subsidiary of Fullerton Financial Holdings, to raise about Rs 1000 crore via an initial public offer (IPO). Fullerton India gives out small ticket loans to growing entrepreneurs but the business needs big funding and that may push the Singapore based fund to consider an IPO.
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