NEW DELHI: Capital India Home Loans (CIHL), the key subsidiary of Capital India Finance (CIFL), a non-banking financial company (NBFC), has secured the Reserve Bank of India’s (RBI) approval for its acquisition and change in control by Weaver Services.
The transaction is valued at ₹267 crore for 100% equity shares of CIHL.
In October 2024, the decision was made to divest its entire stake in the company’s main subsidiary. Subsequently, CIHL submitted an application to the RBI for approval regarding Weaver Services’ acquisition and control change.
“Capital India Finance is currently undergoing strategic consolidation, focusing on strengthening its core lending operations. This transaction allows us to redirect resources toward areas with higher growth potential and long-term value creation for stakeholders,” stated Keshav Porwal, Managing Director of Capital India Finance.
In FY25, Capital India Home Loans reported a total income of ₹74.55 crore, with a profit after tax (PAT) of ₹2.78 crore. The company has assets under management (AUM) totaling ₹490.03 crore.
