Tata Capital forays into gold loans with Yogloans acquisition

Wait 5 sec.

Tata Capital is entering the gold loan market by acquiring a majority stake. This strategic move expands their retail lending portfolio through Yogakshemam Loans. The acquisition involves a share purchase and a significant capital infusion. Tata Capital will hold approximately eighty-eight point six percent ownership. This transaction is subject to regulatory approvals and closing conditions.