Aditya Birla Capital Enters Gold Loan Race, Plans 1,000 Branches
What Happened
Aditya Birla Capital (ABCL) has announced its entry into the gold loan business, expanding its secured lending portfolio. The company plans to roll out 200-300 dedicated gold loan branches by March 2027 and build a network of around 1,000 branches over the next three years. Following the announcement, ABCL shares rose about 2% in early trade.
Key Takeaways
The move broadens Aditya Birla Group's gold-focused ambitions, complementing its jewellery business while tapping the fast-growing gold loan market.