Acquisitions21 May 2025, 05:01 pm
Capital India Home Loans Ltd. Receives RBI Approval for Sale to Weaver Services Pvt. Ltd.
AI Summary
Capital India Finance Limited (CIFL) announced that its material subsidiary, Capital India Home Loans Ltd. (CIHL), has received approval from the Reserve Bank of India (RBI) for its acquisition and change in control to Weaver Services Pvt. Ltd. The decision to sell 100% stake in CIHL was made in the board meeting of CIFL on October 16, 2024. The total income of CIHL was ¥74.55 Crores and PAT stood at ¥2.78 Crores in FY 2024-25. CIHL had an AUM of ¥490.03 Crores, representing a 9% YoY growth. This approval marks a significant milestone for the completion of the stake sale, which is expected to be concluded in the first half of FY 2025-26.
Key Highlights
- Capital India Home Loans Ltd. receives RBI approval for acquisition and change in control
- CIFL to sell 100% stake in CIHL to Weaver Services Pvt. Ltd.
- Total income of CIHL was ¥74.55 Crores and PAT stood at ¥2.78 Crores in FY 2024-25
- CIHL had an AUM of ¥490.03 Crores, representing a 9% YoY growth
- Approval marks a significant milestone for the completion of stake sale in FY 2025-26