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Capital India Finance approves sale of entire stake in CIHL

16 Oct 2024 Evaluate

Capital India Finance (CIFL) has approved the sale of its entire stake in housing finance subsidiary Capital India Home Loans (CIHL) to Weaver Services, which is backed by prominent investors. Valued at Rs 26,700 lakh for 100% equity of CIHL, this transaction is part of CIFL’s strategic re-alignment to focus on its core businesses and grow them further. The transaction is subject to regulatory approval. 

By divesting its non-core home finance business, CIFL aims to free up capital for investment in its primary business, thereby strengthening its balance sheet. This move not only enhances overall operational efficiency but also reduces exposure to specific market risks associated with the affordable housing finance sector. This transaction marks a significant milestone in the journeys of both CIFL & CIHL. The company, in its board meeting held on October 16, 2024 has approved the same.  

Capital India Finance (CIFL) is a Systemically Important Non-Deposit-Taking NBFC (NBFC-ND-SI) specializing in tailored loan products for MSMEs. It provides, data driven, customized financing solutions for millions of micro, small and medium businesses, traders, and self-employed individuals who may lack access to traditional financial avenues.


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