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The Economic Times
The Economic Times

Tata Capital forays into gold loans with Yogloans acquisition

Tata Capital is entering India's fast-growing gold loan market with the acquisition of a majority stake in Kerala-based non-banking financial company (NBFC) Yogakshemam Loans Ltd (Yogloans), expanding its retail lending portfolio through an established player in the secured lending segment.

Tata Capital will acquire a majority stake in Yogloans through a combination of a share purchase from existing shareholders and a primary capital infusion of about Rs 93 crore, in a transaction based on a pre-money equity valuation of up to Rs 318 crore.

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