Tata Capital to acquire 88.6% in Yogloans for gold loan entry
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Tata Capital will acquire about 88.6% in Yogakshemam Loans (Yogloans), a Kerala-based gold loan NBFC, via an all-cash deal at a pre-money valuation not exceeding 318 crore, plus about 93 crore primary infusion. Yogloans has AUM of 708 crore, 162 branches across 4 southern states, and 32,000 customers. FY26 turnover was 140.39 crore, PAT 14.21 crore. Deal marks Tata Capital's entry into gold loans. Subject to RBI approval, expected to close within 8 months.
Positive: strategic entry into gold loan segment with established 708 crore AUM platform; diversifies retail lending franchise. Subsidiary addition.