Japan’s Sumitomo Mitsui Financial Group (SMFG), the holding company of one of the largest global banking and financial service groups, is set to acquire 74.9 per cent stake in Fullerton India Credit Company Limited (FICC), a non-banking finance company that offers credit to retail as well as small businesses. Reports have pegged the deal value at $2 billion.

Also Read  Stainless Steel Restaurant Equipment: Seek the Most Long-Lasting and Practical Options