The Exchange has sought clarification from Piramal Finance Limited with respect to recent news item captioned Piramal Finance eyes Keertana for foray into gold loan segment. The response from the Company is attached.
PIRAMALFIN · price
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Awaiting price reaction for this filing.
NSE asked Piramal Finance to clarify a recent news article about the company exploring the acquisition of Keertana as an entry point into the gold loan business. The company has submitted its response to the exchange. Details of the response are attached in the filing. The move signals Piramal Finance's interest in diversifying into secured lending through the gold loan segment.
If the deal materialises, it would mark Piramal Finance's entry into the gold loan business, a fast-growing secured lending category. Until more clarity on the response and deal terms emerges, the stock may see mild speculative interest without a definitive directional move.