Gold rush: Tata, Godrej buy into India’s booming gold loan market
On the acquisition rationale, Manish Shah, managing director and chief executive officer of Godrej Capital, told Mint: “With Kanakadurga, we saw an opportunity not only to get a headstart but also to acquire expertise. Andhra Pradesh is a high-priority market for us, not just for Godrej Capital but for the Godrej Group as well. It fit geographically, it fit as a business line, and the partnership chemistry worked.”
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