Tata Capital Ltd (TCL) has announced plans to acquire an 88.6% stake in Kerala-based non-banking financial company Yogakshemam Loans.
The transaction values the unlisted lender at a pre-money equity valuation of up to ₹318 crore, with Tata Capital subscribing to new equity shares for an aggregate consideration of approximately ₹93 crore.
Yogakshemam Loans reported assets under management of approximately ₹708 crore as of March 2026.
The deal marks a strategic expansion for Tata Capital into the southern Indian microfinance market.
Yogakshemam Loans reported assets under management of approximately ₹708 crore as of March 2026.
By taking a controlling stake, Tata Capital aims to leverage the target's existing distribution network and customer base in Kerala to deepen its penetration in the asset-light lending segment.
This move aligns with broader consolidation trends in India's NBFC sector, where larger players are acquiring regional lenders to scale operations and diversify geographic risk.