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Sumitomo Mitsui, Fullerton India file for Indian merger clearance

( August 4, 2021, 21:23 GMT | Official Statement) -- MLex Summary: Japan’s Sumitomo Mitsui Financial Group has filed for merger clearance in India to acquire Fullerton India Credit Company from a subsidiary of Singapore’s Temasek Holdings. Fullerton India provides mortgaged loans to retail customs and small- and medium-sized businesses, loans for commercial vehicles as well as personal loans. The parties say their businesses overlap in the market for provision of micro-, small- and medium-sized entity loans in India.Sumitomo Mitsui Financial Group's filing for clearance is attached. ...

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