CIFL Subsidiary CIHL Gets RBI Approval For Stake Sale to Weaver Services

New Delhi, May 22, 2025: Capital India Home Loans (CIHL), a material subsidiary of Capital India Finance Limited (CIFL), a middle-layer non-banking financial company (NBFC), has received approval from the Reserve Bank of India (RBI) for its acquisition and change in control to Weaver Services Pvt. Ltd.
 
In the board meeting of CIFL held on October 16, 2024, it was decided to sell its 100 per cent stake in CIHL to Weaver Services Private Limited.

Subsequently, CIHL filed an application with the RBI for its approval in relation to the acquisition and change in control of CIHL by Weaver Services. The RBI communicated its prior approval on May 20 in this regard subject to the compliance of specified conditions.

“Capital India Finance Limited is currently in a phase of strategic consolidation with a clear focus on strengthening its core lending business. The divestment of Capital India Home Loans Limited represents a significant step in aligning our operations with this strategy,” Keshav Porwal, MD, CIFL, said. 

This transaction will enable us to reallocate resources towards areas with greater potential for growth and long-term value creation for all stakeholders. This approval is a significant milestone for completion of stake sale, and we expect the transaction would be concluded within the first half of FY 2025-26.”

CIHL’s total income was INR 74.55 crore and PAT stood at INR 2.78 crore in FY 2024-25. CIHL had an AUM of INR 490.03 crore (nine per cent YoY growth).