Fullerton raises ₹500 cr in 1st non-bank masala bonds issue
Fullerton India on Monday raised ₹500 crore through masala bonds, making it the first such transaction by a domestic non-banking lender. “This is a landmark transaction and enables Fullerton India to tap and develop a new source of funding," Managing Director Shantanu Mitra stated. The company said that it will use the proceeds for on-lending and other financing activities.