Capital India Home Loans Limited (CIHL) has received approval from the Reserve Bank of India (RBI) for its acquisition and change in control to Weaver Services Pvt. Ltd. This regulatory nod marks a significant milestone in the company’s ongoing strategic consolidation efforts.
The CIFL Board had approved the sale of its 100% stake valued at ₹267 crore in CIHL to Weaver Services. Following this, CIHL filed an application with the RBI seeking approval for the acquisition and change in control by Weaver Services Pvt. Ltd.
The RBI communicated its prior approval on May 20, 2025, subject to compliance with specified conditions, paving the way for the completion of the transaction.
Reflecting on this development, Mr. Keshav Porwal, Managing Director, Capital India Finance Limited, stated, “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. 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 the completion of the stake sale, and we expect the transaction would be concluded in the first half of FY 2025-26.”
For the financial year 2024-25, Capital India Home Loans Limited reported a total income of ₹74.55 Crores and a profit after tax of ₹2.78 Crores. The company’s assets under management (AUM) stood at ₹490.03 Crores, reflecting a 9% year-on-year growth, according to the press release. This performance underscores the value of CIHL as it transitions to new ownership under Weaver Services.
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The RBI’s approval is expected to accelerate the completion of the stake sale, which is anticipated to conclude within the first half of FY 2025-26, aligning with CIFL’s strategy to strengthen its core lending business and drive long-term value for stakeholders.
