Announced Mon, 13 Jul · 09:38 IST
Tata Capital acquires 88.6% stake in Yogloans to enter gold loan business
TATACAP · price
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Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹359.95
prior close
₹355.80
base price
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AI summary
Tata Capital will acquire about 88.6% stake in Yogakshemam Loans (Yogloans), a Kerala-based gold loan NBFC. Pre-money valuation not exceeding ₹318 crore with about ₹93 crore primary infusion. Yogloans has ₹708 crore AUM across 162 branches in 4 southern states, serving 32,000 customers. FY26 turnover ₹140 crore, PAT ₹14 crore. All-cash deal; Yogloans becomes subsidiary post completion, subject to RBI approval. Expected to close within 8 months.
Likely market impact
Marks Tata Capital's entry into the secured gold loan segment, diversifying its retail lending portfolio. Positive for growth, subject to RBI approval.