TruCap's Golden Exit: Sells Whole Gold Loan Business to InCred for ₹330 Crore

TruCap Finance Limited has disclosed it has sold its whole gold loan business to InCred Financial Services Limited for a sum of around ₹330 crore. The transaction, sanctioned by TruCap's board on February 25, 2025, has been agreed upon and will involve the assignment of assets, liabilities, and trademarks under the "Dhanvarsha" brand. This strategic transaction will enable TruCap to deleverage, increase net worth, and concentrate on growing its green energy finance and MSME business loans. The gold loan segment accounted for 36.48% of TruCap's revenue during FY 2023-24. The deal is likely to be executed by April 30, 2025, subject to approval from shareholders and other regulatory approvals.

Source: TruCap Finance Limited Regulatory Filing, February 25, 2025