L&T Finance Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding acquisition of the gold loan business of Paul Merchants Finance Private Limited by the Company
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L&T Finance Ltd has completed the acquisition of the gold loan business of Paul Merchants Finance Pvt Ltd (PMFL) through a slump sale on a going concern basis, effective June 9, 2025. The deal, initially announced on February 7, 2025, transfers PMFL's 130 branches, approximately 700 employees, and a gold loan book of Rs. 1,350 crore to LTF. This marks LTF's entry into the gold loan segment, adding a secured, high-yield product to its portfolio. The company plans to leverage its 1.6 crore rural customer base and 20,000-strong feet-on-street workforce to cross-sell gold loans.
The acquisition diversifies LTF's secured loan offerings and expands its branch network by 130, supporting its Lakshya 2026 retail finance strategy and creating new cross-sell opportunities. This is likely to be viewed positively by shareholders as a measured inorganic move into a high-yield segment.