Japanese financial company SMFG to invest Rs 1.3k crore in Indian arm – Times of India
Mumbai: Japan’s Sumitomo Mitsui Financial Group (SMFG) has invested Rs 1,300 crore in its Indian arm through a rights issue.SMFG India Credit (formerly Fullerton India Credit), in turn, has invested Rs 150 crore in its wholly-owned subsidiary SMFG India Home Finance. As of Dec 31, 2023, SMICC’s assets under management reached Rs 42,487 crore, with…