Type of Deal: Acquisition of majority stake (88.6%) through combination of share purchase and primary subscription
Stake/Capacity: 88.6% of issued and paid-up share capital on fully diluted basis; Target has 162 branches across 4 states and ₹708 crore Assets Under Management
Deal Value: Pre-money equity valuation not exceeding ₹318 crore; Primary capital infusion of approximately ₹93 crore; Total consideration for share purchase to be determined based on net worth as of September 30, 2026
Funding Source: All-cash transaction
Financial Impact: Target company reported FY 2025-26 turnover of ₹14,038.53 lakhs and profit after tax of ₹1,421.20 lakhs; Acquisition provides immediate scale in gold loan business with established operating platform
Timeline: Expected completion within 8 months from execution of agreement (by March 13, 2027), subject to regulatory approvals and customary conditions
Strategic Rationale: Entry into secured gold loan business with growth potential; Diversification of retail lending portfolio; Access to established platform with branch network, customer franchise and experienced management team; Combines Yogloans' market expertise with Tata Capital's brand strength, technology and risk management capabilities
Approval Status: Board-approved on July 13, 2026; Subject to requisite regulatory approvals and customary closing conditions
Reference Regulation: SEBI Regulation 30 and Schedule III of SEBI Listing Regulations; SEBI Master Circular dated July 11, 2023 (last updated January 30, 2026) bearing reference number SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
Additional Details: Not a related party transaction; Target company incorporated February 13, 1991; Corporate identification number U65992KL1991PLC005965; Registered office in Thrissur, Kerala; CRISIL rating of BBB-; Serves approximately 32,000 gold loan customers
