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Aditya Birla Capital Enters Gold Loan Business; Shares up 3%

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Aditya Birla Capital (NSE:ABCAPITAL, BOM:540691) said its NBFC arm has entered the gold loan business as part of an expansion of its secured lending portfolio, according to a Thursday filing with the Indian bourses.

The company plans to open 200 to 300 dedicated gold loan branches by March 2027, with a target of reaching about 1,000 branches over the next three years. The business will serve customers across urban and semi-urban markets through physical branches and digital channels.

Shares of the company rose nearly 3% in recent trade.

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