Lendingkart’s investor Fullerton acquires controlling stake in company for Rs 252 crore

MSME lender Lendingkart’s existing investor Fullerton Financial Holdings (FFH) has acquired a controlling stake in the company for Rs 252 crore, the company announced on Friday. FFH, which is a wholly-owned independent portfolio company of Singapore-headquartered investment company Temasek, will become a majority controlling shareholder in Lendingkart following the regulatory approval of the deal. Fullerton had a 38.16 per cent stake in the company as of March 2024.