RBI communicated its prior approval on May 20, 2025 in this regard subject to compliance of specified conditions.
FinTech BizNews Service
Mumbai, May 23, 2025: Capital India Home Loans Limited(CIHL), a material subsidiary of Capital India Finance Limited(CIFL), receives RBI approval for sale and Change in Control of CIFLs stake in CIHL
Capital India Finance Limited (NSE & BSE: CIFL | 530879 | INE345H01024), a Middle Layer Non-Banking Financial Company (NBFC), is pleased to announce that its material subsidiary, Capital India Home Loans Ltd. has received approval from Reserve Bank of India for its acquisition and change in control to Weaver Services Pvt. Ltd.
In the Board Meeting of CIFL held on October 16, 2024, it was decided to sell its 100% stake in company’s material subsidiary, Capital India Home Loans Limited to Weaver Services Private Limited. Subsequently, an application by CIHL was filed with RBI for its approval in relation to acquisition and change in control of CIHL by Weaver Services Pvt. Ltd. RBI communicated its prior approval on May 20, 2025 in this regard subject to compliance of specified conditions.
“Capital India Finance Limited is currently in a phase of strategic consolidation, with a clear focus on strengthening its core lending business. The divestment of Capital India Home Loans Limited represents a significant step in aligning our operations with this strategy. This transaction will enable us to reallocate resources towards areas with greater potential for growth and long-term value creation for all stakeholders. This approval is a significant milestone for completion of stake sale and we expect the transaction would be concluded with first half of FY 2025-26”, says Mr. Keshav Porwal, Managing Director, Capital India Finance Limited.
Total Income of Capital India Home Loans Limited was ₹74.55 Crores and PAT stood at Rs2.78 Crores in FY 2024-25. CIHL had an AUM: ₹490.03 Crores (9% YoY growth).
