L&T Finance Enters Gold Loan Market with ₹537 Crore Acquisition of Paul Merchants Finance
2025-02-07
cnbctv18
In a significant move, L&T Finance has acquired Paul Merchants Finance for ₹537 crore, marking its foray into the thriving gold loan sector. This strategic acquisition expands the company's portfolio of secured loan products, enabling it to tap into the lucrative gold loan market. With this entry, L&T Finance aims to capitalize on the growing demand for gold loans in India, offering customers a range of financial solutions. The gold loan market is expected to grow significantly, driven by increasing demand for easy and accessible credit options. L&T Finance is well-positioned to leverage this trend, with its strong presence in the financial services sector.
