L&T Finance Expands into Gold Loan Market with Rs 537 Crore Acquisition of Paul Merchants Finance
2025-02-07
Business Standard
L&T Finance Ltd is making a strategic entry into the gold loan business by acquiring Paul Merchants Finance's gold loan portfolio in an all-cash deal worth Rs 537 crore. This move marks a significant expansion for L&T Finance, enhancing its presence in the financial services sector. The acquisition is expected to boost the company's growth, leveraging the growing demand for gold loans in India. With this deal, L&T Finance aims to increase its market share in the gold loan market, a sector that has seen significant growth in recent years due to increasing financial inclusion and digital lending trends.
