Latest Breaking News On - Fullerton group - Page 1 : vimarsana.com

Loren nixes privatization, demolition of Post Office | Ma. Stella F. Arnaldo

No to malls and high-rise hotels. This was the statement of Senator Loren Legarda, who urged the Philippine Postal Corp. (PhilPost) on Tuesday to reject any overtures to privatize the 97-year-old Manila Central Post Office (MCPO) building, which was partially burned in May 2023. “Enough of malls, enough of high-rise…

Ultimate mooncakes guide for Mid-Autumn Festival 2023

So many mooncakes for Mid-Autumn Festival 2023 in Singapore that we want! Find out the best options for you here.

Protecting, learning from history | BusinessMirror

Japan's Sumitomo to buy Fullerton India for ₹19k crore

Japan’s Sumitomo to buy Fullerton India for Rs 19,300 crore Top Searches Japan’s Sumitomo to buy Fullerton India for Rs 19,300 crore TNN / Updated: Jul 7, 2021, 12:36 IST FacebookTwitterLinkedinEMail MUMBAI: Sumitomo Mitsui Financial Group, the Japan headquartered global financial major, is buying out Fullerton India, the Indian non-banking financial arm of Singapore-based Fullerton Financial, for about $2.6 billion, or nearly Rs 19,300 crore. This is the largest Japanese buyout in the Indian financial services space. Moreover, this is the first time that a Japanese firm is getting into general retail lending in India. Initially, Sumitomo will buy 74.9% in Fullerton India and the balance 25.1% at a later date, a release from the company being acquired said. Although both the companies did not disclose the deal value, sources said Sumitomo will pay $2 billion initially for the nearly 75% stake in Fullerton’s India arm, and the balance once it becomes a fully owned subsidiary.

Japan's Sumitomo to buy Fullerton India for Rs 19,300 crore

Japan's Sumitomo to buy Fullerton India for Rs 19k cr