Sumitomo Mitsui completed the acquisition of the remaining 25.1% stake in SMFG India Credit from Temasek for $700m.

Synopsis

Sumitomo Mitsui, a multinational banking financial services institution, completed the acquisition of the remaining 25.1% stake in SMFG India Credit, a non-banking financial company, from Temasek, a global investment company, for $700m.

Principals

target

Smfg India Credit (formerly Fullerton India)

bidder

Sumitomo Mitsui Financial Group

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Market Context

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Seller Team (1)

shantanu mitra

CEO at SMFG INDIA CREDIT (FORMERLY FULLERTON INDIA)

Manager

target

Deals

£ 2.00 B

Total Value

Bidder Team (3)

nilanjana singh

Partner at AZB & Partners

Lawyer

bidder

Deals

£ 55.61 B

Total Value

toru nakashima

CEO at SUMITOMO MITSUI FINANCIAL GROUP

Manager

bidder

Deals

£ 1.39 B

Total Value

aditya singh chandel

Partner at AZB & Partners

Lawyer

bidder

Deals

£ 26.44 B

Total Value

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