Capital India Finance Secures RBI Nod to Divest Housing Finance Subsidiary

NEW DELHI: Capital India Home Loans (CIHL), the key subsidiary of Capital India Finance Ltd. (CIFL)—a registered non-banking financial company (NBFC)—has received the Reserve Bank of India’s (RBI) approval for its acquisition and change in control by Weaver Services.

The transaction, involving the complete sale of CIHL’s equity, is valued at ₹267 crore.

Back in October 2024, CIFL had announced its decision to divest its entire 100% stake in CIHL. Following this, CIHL submitted an application to the RBI seeking approval for the acquisition and change in control in favor of Weaver Services.

“Capital India Finance is currently undergoing a phase of strategic consolidation, with a sharp focus on strengthening its core lending operations. This transaction will allow us to reallocate capital toward high-growth opportunities and long-term value creation for our stakeholders,” stated Keshav Porwal, Managing Director of Capital India Finance.

For 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’s assets under management (AUM) stood at ₹490.03 crore.