Introduction:
Leading financial services provider has signed a binding term sheet to sell its gold loan business for ₹330 crore. The move aims to reduce debt, enhance capital efficiency, and drive profitability, focusing on Green Energy Finance and MSME business loans.
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Share price movement of TruCap Finance:
On February 25, 2025, TruCap Finance Ltd opened at ₹10.24, unchanged from its previous close of ₹10.24. The stock reached a high of ₹10.67 (4.20%) and a low of ₹10.20. By 4:00 PM, it traded at ₹10.65, a 4.00% increase, with a market cap of ₹124.50 crore.
TruCap Finance to Sell Gold Loan Business for ₹330 Crore:
TruCap Finance has signed a binding term sheet with Incred Finance to sell its gold loan business for ₹330 crore. The transaction, expected to close by April 2025, aims to enhance capital efficiency, reduce debt, and improve profitability.
Following the sale, TruCap’s balance sheet leverage is projected to drop below 1.5x, while its cost structure may decline by over 70%. The company will focus on secured Green Energy Finance and MSME business loans, with an AUM exceeding ₹450 crore as of December 2024.
Since 2018, TruCap has disbursed over ₹1,100 crore, serving 1,00,000+ borrowers. With a strong MSME and women borrower base, the company remains committed to expanding its presence in underserved markets while strengthening its financial position for future growth.
Recent news on TruCap Finance:
As of February 14, 2025, TruCap Finance Ltd reported a 66.32% decline in net profit to ₹0.96 crore for Q3 FY25, despite a 29.51% rise in sales to ₹51.57 crore, reflecting evolving business dynamics and strategic realignment.
Ace investor holding in TruCap Finance:
Siddhi Jaiswal
Siddhi Jaiswal holds 3,912,925 shares, representing a 3.35% stake in TruCap Finance Ltd, with a total worth of ₹4.2 crore. This significant holding underscores investor confidence in the company’s strategic direction and future growth prospects.
Stock performance of TruCap Finance for Period of 1 week, 6 months and 1 year:
TruCap Finance Ltd has faced significant challenges, with a 3.45% decline in the past week, a steep 76.0% drop over six months, and an 85.4% fall in one year, reflecting ongoing market pressures and financial headwinds.
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Shareholding pattern of TruCap Finance:
Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 37.20% | 36.90% | 42.20% |
FII | 8.10% | 8.40% | 10.70% |
DII | 1.10% | 1.10% | 1.10% |
Public | 53.70% | 53.70% | 46.10% |
About TruCap Finance:
TruCap Finance Ltd (NSE: TRU), formerly Dhanvarsha Finvest, is a Mumbai-based MSME lender providing affordable credit solutions. With 96,700+ customers, a ₹1,030 crore loan book, and 128 branches, it offers secured and unsecured financing to under-banked entrepreneurs and LMI groups.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.