The cost of acquisition, in each case (seller) is subject to a pre-money equity valuation of the Target not exceeding ₹318 crore.

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REUTERS/FRANCIS MASCARENHAS

Tata Capital Ltd (TCL) on Monday said it will acquire about 88.6% of the issued and paid-up share capital (on a fully diluted basis) of Thrissur (Kerala)-based Yogakshemam Loans Ltd, providing it an access to an established gold loan platform with an existing branch network, customer franchise and experienced management team. .TCL, an upper layer non-banking finance company (NBFC), will subscribe to equity shares of the unlisted, base-layer NBFC for an aggregate consideration of approximately ₹93 crore. As at March-end 2026, the target company had assets under management of approximately ₹708 crore.The consideration payable by TCL for purchase of equity shares from the Sellers (Unnikrishnan Idicharm Veetil, Sathyalakshmy M, Abhijith Unnikrishnan, Ramachandran Ottapathu, Jalajkumari Ramachandran, Vidya Sanooj and Sathianarayanan M) will be determined in accordance with the terms of the Securities Subscription and Purchase Agreemen (SSPA), based inter alia on the net worth of the Target as at September 30, 2026, per TCL’s regulatory filing.The cost of acquisition, in each case (seller) is subject to a pre-money equity valuation of the target not exceeding ₹318 crore.As at March 31, 2026, Yogakshemam Loans Ltd, which was incorporated in February 1991, operated through a network of 162 branches across Kerala, Karnataka, Tamil Nadu and Andhra Pradesh.As per the audited financial statements of the Target for FY 2025-26, it has generated a turnover of ₹140.38 crore, with a profit after tax of ₹14.21 crore.Rajiv Sabharwal, Managing Director & CEO, TCL, said: “This transaction marks Tata Capital’s entry into the gold loan business, adding a secured lending product with significant growth potential to our retail lending portfolio and supporting our strategy of building a diversified lending franchise.“Yogloans has built a strong business over more than a decade under the leadership of Unnikrishnan and his team. We believe the combination of Yogloans’ market expertise with Tata Capital’s trusted brand, capital strength, technology and risk management capabilities will accelerate growth and create an enhanced experience for customers.”Published on July 13, 2026