Capital India Finance Ltd divests entire stake in Capital India Home Loans Limited to Weaver Services Private Limited

Capital India Finance Limited (NSE & BSE: CIFL | 530879 | INE345H01024), a non-deposit taking Middle Layer NBFC, today announced the successful divestment of its entire equity stake in its subsidiary, Capital India Home Loans Limited ("CIHL"), to Weaver Services Private Limited ("Weaver") for a total consideration of INR 266.53 crore.

This transaction marks a strategic move for Capital India Finance Limited ("CIFL"), enabling the company to sharpen focus on its core lending vertical and to unlock value for its stakeholders.

Mr. Keshav Porwal, Managing Director of Capital India Finance Limited, stated, "The sale of CIHL is a strategic decision to realign our business priorities and deepen our focus on providing tailored credit solutions to MSMEs, professionals, and retail customers - redeploying capital more effectively into our high growth lending business. We are proud of the growth and value created in CIHL over the years and are confident that under Weaver's stewardship, the company will continue its strong growth trajectory."

He further added, "The sale of CIHL to a company backed by well-known investors like Premji Invest, Gaja Capital, etc, validates the quality of business we have built at Capital India."

Source : Equity Bulls

Keywords

CapitalIndiaFinance CapitalIndiaHomeLoans StakeSale WeaverServices