India, June 9 -- L&T Finance (LTF) announced the completion of the transfer of the gold loan business of Paul Merchants Finance (PMFL), a wholly owned subsidiary of Paul Merchants, to LTF. The acquisition includes PMFL's 130 branches, approximately 700 employees, and business transfer of its gold loan book size of Rs. 1,350 crore to LTF.
Published by HT Digital Content Services with permission from Pivotal Sources....