L&T Finance Ventures into Gold Loan Market with Rs 537-Crore Acquisition of PMFL
2025-02-07
moneycontrol.com
L&T Finance has made a significant foray into the gold loan business by acquiring PMFL's business for Rs 537 crore. This strategic move aims to bridge the gap in its portfolio with a secured high-yield product, catering to both rural and urban markets. The gold loan sector has witnessed substantial growth, driven by increasing demand for easy and quick financing options. With this acquisition, L&T Finance is poised to leverage the potential of this market, offering customers a reliable and efficient way to monetize their gold assets. By expanding its portfolio, the company is expected to enhance its customer base and increase its market share in the financial services sector, particularly in gold loan and secured lending.
