Capital India Home Loans Limited acquires Credenc

Capital India Home Loans Limited, a material subsidiary of Capital India Finance Limited has acquired 100% (One Hundred percent) shareholding of Credenc Web Technologies Private Limited ("Credenc") from its existing shareholders.

Consequent to the acquisition as aforesaid, Credenc and its wholly-owned subsidiary, Credenc Finserv Private Limited, have become subsidiaries of the Company with effect from August 19, 2021.

Credenc Web Technologies Private Limited ("Target Entity or Credenc"). Credenc facilitates a unique platform to finance meritorious students for their college expenses by underwriting their employability, rather than the means available to their families.

The acquisition will provide new opportunities to the Company in the education financing segment through its material subsidiary.

Shares of CAPITAL INDIA FINANCE LIMITED was last trading in BSE at Rs. 119.7 as compared to the previous close of Rs. 120.05. The total number of shares traded during the day was 715 in over 29 trades.

The stock hit an intraday high of Rs. 121.9 and intraday low of 116. The net turnover during the day was Rs. 84494.

Source : Equity Bulls

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