InCred Finance To Acquire TruCap’s Gold Loan Business For INR 330 Cr
In a strategic move to diversify its secured lending offerings, InCred Finance is acquiring TruCap Finance’s gold loan division. The acquisition, to be executed via a slump sale, will also include the transfer of the ‘Dhanvarsha’ trademarks and associated logos.
In an exchange filing, TruCap said that the total value of the deal will be about INR 330 Cr and is “subject to certain adjustments”. The sale will be completed by April 30, 2025.
The deal will include a nationwide network of 115 branches, a customer base exceeding 40,000, a team of over 550 employees, and assets under management (AUM) of over INR 650 Cr.
https://inc42.com/buzz/incred-finance-to-acquire-trucaps-gold-loan-business-for-inr-330-cr/
