 "gold, gold loan")
Piramal Finance, the lending business arm of Piramal Group, is planning to enter the gold finance business. This comes after L&T Finance and InCred group forayed into the sector in February.
Investment banking sources said Piramal Finance is open to acquisitions, though it is not involved in any talks.
The company is active in housing finance, used-car loans, and business loans.
The gold loan segment in India has seen three transactions this year -- two for business acquisition and one for joint control -- reflecting the attractiveness of high-yield business and a backdrop of rising price of precious metal.
Some
