Thursday, May 22 2025 | Time 11:52 Hrs(IST)
Business EconomyPosted at: May 22 2025 12:38AM


CIHL receives RBI approval for sale and change in control of CIFL's stake

Mumbai, May 21 ( UNI) Capital India Finance Limited, a Middle Layer Non-Banking Financial Company (NBFC), announce that its material subsidiary, Capital India Home Loans Ltd. has received approval from Reserve Bank of India 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 percent stake in company’s material subsidiary, Capital India Home Loans Limited to Weaver Services Private Limited, said a release.
Subsequently, an application by CIHL was filed with RBI for its approval in relation to acquisition and change in control of CIHL by Weaver Services Pvt. Ltd.
RBI communicated its prior approval on May 20, 2025 in this regard subject to compliance of specified conditions, said the release.
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Tags: #CIHL receives RBI approval for sale and change in control of CIFL's stake
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