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Fullerton India Credit receives 2B rupee capital infusion from parent

Fullerton India Credit Co. Ltd. received a 2 billion Indian rupee capital infusion from parent Fullerton Financial Holdings Pte. Ltd., The Economic Times of India reported April 3.

The capital will be used mainly to grow the company's housing finance arm.

Fullerton Financial Holdings is an affiliate of Singapore state investment firm Temasek Holdings (Pvt) Ltd.

As of April 3, US$1 was equivalent to 64.97 Indian rupees.