June 9, 2025

L&T Finance acquisition

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L&T Finance completes acquisition of Paul Merchants Finance’s gold loan business

  • June 9, 2025

L&T Finance, a non-banking financial company (NBFC), has completed the acquisition of the gold loan business of Paul Merchants Finance (PMFL), a subsidiary of Paul Merchants. The acquisition includes the transfer of PMFL’s ₹1,350 crore gold loan book, 130 branches, and approximately 700 employees to LTF. This marks LTF’s formal entry into the gold loan

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