Golden Legand Leasing Incorporates Subsidiary to Bolster Digital Financial Ecosystem
Golden Legand Leasing and Finance Limited has successfully incorporated a wholly owned subsidiary, Gullakkart Private Limited, as part of its strategy to strengthen its digital financial services ecosystem and expand technology-enabled lending operations.The incorporation of the new entity marks a significant step in Golden Legand's commitment to expanding its technological footprint within the lending industry. The purpose of the subsidiary is specifically tied to supporting the Company’s growing digital lending ecosystem.
Gullakkart Private Limited intends to undertake activities related to digital payment solutions. The company plans to apply for a Prepaid Payment Instrument (PPI) Licence from the Reserve Bank of India, pending necessary regulatory approvals.
Upon securing the required regulatory clearances, the proposed PPI platform is set to complement Golden Legand’s existing lending business. This initiative aims to facilitate integrated digital payment solutions for customers, thereby enhancing convenience and reinforcing the Company's technology-driven approach to lending.
Stock Price Movement
As of 12:11, Golden Legand Leasing & finance Ltd. shares are ticking up, trading at ₹8.78, which represents a gain of 0.46%. The stock navigated its intraday range, bottoming out at ₹8.52 and hitting a high of ₹8.96.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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