Capital India Finance Sells RemitX Forex Business for ₹1,140 Lakhs

Capital India Finance Ltd has approved the transfer of its foreign exchange business operating under the brand name "RemitX" to Kanji Forex Private Limited for a consideration of INR 1,140 lakhs. The transaction, formalized through an Agreement for Purchase of Assets (APA), is subject to regulatory approvals and is expected to be completed by October 31, 2026. The RemitX business contributed 4.68% to the company's turnover and 4.20% to its net worth in the last financial year. Following the transfer, Capital India Finance will apply to the RBI to surrender its Authorised Dealer Category-II (AD-II) Licence.