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of <h1>NBFC Acquires Gold Loan Business, Expanding Rural Financial Services with Strategic 130-Branch Expansion</h1> A leading Non-Banking Financial Company (NBFC) completed acquisition of a gold loan business from another financial institution. The transaction involves transferring 130 branches, approximately 700 employees, and a gold loan book valued at Rs. 1,350 Crore. The acquisition aligns with the company's strategic expansion plan, aiming to enhance product offerings and leverage its existing rural customer base of 1.6 crore customers.
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