An employee counts Indian rupee banknotes in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
Non-bank lender Fullerton India Credit Co. always had the comfort of a deep-pocketed and seasoned financial sector investor — Singapore's state investment arm Temasek Holdings Pte. Despite this, the lender has stumbled through its 13-year journey in the Indian market and is now set to see a shift in ownership.On Tuesday, Sumitomo Mitsui Financial Group Inc. agreed to buy a 74.9% stake in the firm for about $2 billion (about Rs 14,900...