Capital India Home Loans (CIHL), the material subsidiary of Capital India Finance (CIFL), a non-banking financial company (NBFC), has received approval from Reserve Bank of India (RBI) for its acquisition and change in control to Weaver Services. The proposed transaction is valued at ?267 crore, for 100% equity shares of CIHL. In October 2024, it was decided to sell its 100% stake in company’s material subsidiary. 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. “Capital India Finance is currently in a phase of strategic consolidation, with a clear focus on strengthening its core lending business. This transaction will enable us to reallocate resources towards areas with greater potential for growth and long-term value creation for all stakeholders," said Keshav Porwal, managing director, Capital India Finance. Capital India Home Loans' total income was ?74.55 crore and profit after tax (PAT) stood at ?2.78 crore in FY25. The company has an assets under management (AUM) of ?490.03 crore.
 

https://www.livehomes.in/news_letter