Capital India Finance Ltd — Updates, 21-05-2025: Company Update
21-05-2025 | 04:53 pm
21-05-2025 | 04:53 pm
Capital India Finance Limited has announced a board meeting on the sale of its 100% stake in material subsidiary Capital India Home Loans Limited (CIHL) to Weaver Services Private Limited, following RBI’s approval for the acquisition and change in control of CIHL. This divestment aligns with CIFL’s strategic focus on strengthening its core lending business and will allow resource reallocation to higher growth areas. CIHL reported total income of ₹74.55 Cr, PAT of ₹2.78 Cr, and an AUM of ₹490.03 Cr with 9% YoY growth in FY 2024-25. The transaction is expected to conclude by the first half of FY 2025-26.
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