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The Economic Times
The Economic Times

Aditya Birla Capital forays into gold loan business; shares rise 3%

Aditya Birla Gold

Aditya Birla Capital Limited on Thursday announced its entry into gold loan business segment as a 'strategic expansion' of its secured lending portfolio. The company plans to establish a network of around 1,000 branches in the next three years under the new category.

It aims to implement a phase-wise rollout of around 300 dedicated gold loan branches by March 2027 across high potential markets in the country, the company said in a regulatory filing.

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