L&T Finance Enters Gold Loan Market with ₹537-Crore Acquisition of Paul Merchants Finance
2025-02-07
cnbctv18
In a strategic move, L&T Finance has acquired Paul Merchants Finance for ₹537 crore, marking its foray into the gold loan business. This 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 strengthen its position in the NBFC sector, offering a range of financial services including gold loans, home loans, and other secured loan options. The gold loan market is expected to grow significantly, driven by increasing demand for easy and convenient credit options. By leveraging its expertise and resources, L&T Finance is well-positioned to capitalize on this trend.
