India: Credit Suisse Invests in Finance Unit

By DOW JONES
The New York Times
Published: Jan 07, 2009

Credit Suisse said it had injected 7.94 billion rupees ($164 million) into the operations of its nonbanking financial company in India. The money will raise the capital of Credit Suisse Finance (India), a wholly owned unit of Credit Suisse, to 8.27 billion rupees, the company said. It added that the funds would be used to provide asset-backed financing, securities-backed financing and lending related to initial public offerings.

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