Capital India Finance Limited has submitted with the Exchange update regarding sale of Capital India Home Loans Limited (Material Subsidiary)
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Capital India Finance Limited is selling its entire stake in its material subsidiary, Capital India Home Loans Limited (CIHL), to Weaver Services Private Limited. The deal was originally announced via a Share Purchase Agreement on October 16, 2024, and has now received the required approvals from the Reserve Bank of India (received on May 20 and May 23, 2025). The company, CIHL, and the acquirer are working through the remaining conditions to close the deal. The transaction is expected to be completed within 60 days, by approximately August 29, 2025. This is a follow-up to multiple earlier disclosures on the same transaction.
Shareholders should expect a significant change in the company's business mix as it exits the home loans segment. The divestiture could free up capital and reduce the company's exposure to housing finance, but the exact financial impact (gain/loss on sale) has not been disclosed in this update. The stock may see some movement as the deal closing date approaches.