Tata Capital is making its foray into the gold loan market by purchasing a majority stake in the Kerala-based non-banking financial company, Yogakshemam Loans (Yogloans), which is registered with the RBI. This deal will be an all-cash acquisition. The agreement values Yogloans at a pre-money equity amount of no more than ₹318 crore, which may be subject to standard adjustments.

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3 hours ago