Capital India Finance Sells RemitX Forex Business for ₹1140 Lakhs

Capital India Finance Limited has approved the transfer of assets related to its foreign exchange business, operating under the brand name "RemitX", to Kanji Forex Private Limited. The agreement for the sale of assets (APA) was executed on August 31, 2026. The transaction is valued at an aggregate consideration of INR 1,140 lakhs. The sale is subject to regulatory approvals and other conditions precedent. The RemitX business contributed 4.68% to the company's turnover/revenue and 4.20% to its net worth for the financial year ended March 31, 2026. Following the transfer, Capital India Finance will apply to the RBI to surrender its Authorised Dealer Category-II (AD-II) Licence.