Golden Legend Leasing & Finance Forms Wholly-Owned Subsidiary to Strengthen Digital Lending Ecosystem
Shares of Golden Legend Leasing & Finance Ltd. are likely to remain in focus after the company announced the incorporation of a wholly-owned subsidiary, Gullakkart Private Limited, as part of...
Shares of Golden Legend Leasing & Finance Ltd. are likely to remain in focus after the company announced the incorporation of a wholly-owned subsidiary, Gullakkart Private Limited, as part of its strategy to expand its digital financial services ecosystem and strengthen its technology-driven lending business.
In a regulatory filing submitted to the BSE on July 7, the company said the newly incorporated subsidiary will support its digital lending operations by developing digital payment solutions. As part of its expansion plans, Gullakkart Private Limited intends to apply for a Prepaid Payment Instrument (PPI) licence from the Reserve Bank of India (RBI), subject to obtaining the necessary regulatory approvals.
According to the company, the proposed PPI platform is expected to complement its existing lending business by enabling seamless digital payment services for customers. The initiative is aimed at improving customer convenience while enhancing the company’s technology-enabled financial services ecosystem.
