L&T Finance Completes ₹13.5-Billion Gold Loan Biz Buy From Paul Merchants

L&T Finance Ltd. said Monday it has completed the acquisition of Paul Merchants Finance Pvt. Ltd.’s gold loan business, with a loan book of ₹13.50 billion. The deal includes 130 branches and around 700 employees, the company said in an exchange filing.

The all-cash transaction, announced in February, was valued at ₹5.37 billion and marks L&T Finance’s entry into the gold loan segment, expanding its suite of secured loan products.

MD & CEO Sudipta Roy said the acquisition adds a “high-yield, secured product” and helps position the company as a full-service financial partner across rural and urban markets.