Board approves sale of RemitX forex business for INR 1,140 lakhs

Core Business DivestedStrategic Transactions View source PDF Explain this filing

CIFL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹20.35

prior close

₹20.98

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+1.7% vs market

Non Banking Financial Company (NBFC) peers, median of 221sector-0.8%+1.5% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.5 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.0

10m

-2.3

15m

-2.3

30m

-2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7-1.0+1.7-0.8+1.5

Next day

+0.4-1.5+1.9-1.1+1.5

-0.5-0.9+0.5-1.0+0.5

-1.7-0.3-1.4-1.0-0.6

-2.0+0.1-2.2-0.9-1.1

-0.9+0.7-1.5-0.8-0.1

-0.8+0.3-1.1-1.1+0.3

15d

+5.6+1.0+4.6-1.7+7.3

+2.2-2.4+4.6-4.1+6.3

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 221Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Capital India Finance's board approved transferring its RemitX foreign exchange business assets to Kanji Forex Pvt Ltd for INR 1,140 lakhs. RemitX contributed about 4.68% of consolidated revenue (Rs 2,492.81 lakhs) and 4.20% of net worth in FY26. Deal expected to close by October 31, 2026, subject to regulatory approvals. Company will surrender its RBI AD-II licence post-completion. Buyer is not a related party.

Likely market impact

Forex business RemitX sold for INR 1,140 lakhs. It contributed only 4.7% of revenue, so limited impact. Closure expected by Oct 31, 2026.