L&T Finance Limited Finalizes Purchase of Gold Loan Operations from Paul Merchants Finance
Chill, Fam! L&T Finance Ain't Messing Around
Hear ye, hear ye! 🔊 L&T Finance Ltd. (LTF), the ace Non-Banking Financial Company (NBFC) in town, just dropped the knowledge about its latest move. They've picked up the gold loan biz from Paul Merchants Finance Private Ltd. (PMFL) and integrated it into their own operation. The deal includes 130 branches, approximately 700 employees, and an impressive Rs. 1,350 Crore gold loan book!
- With this acquisition of Paul Merchants Finance Private Ltd., L&T Finance Ltd. (LTF) is demonstrating its commitment to business expansion and governance excellence in the financial industry.
- As a responsible business entity, LTF aims to integrate sustainability principles into the gold loan business, promoting both financial profitability and social responsibility.
- This strategic move is set to boost LTF's market presence and financing capabilities, significantly contributing to its awards and recognition in the NBFC sector.
