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Capital India Finance Ltd (CIFL), a small-cap non-banking financial company focused on MSMEs, has sold its housing finance arm, Capital India Home Loans Limited (CIHL), to Weaver Services Private Limited for ₹267 crore. This company is backed by former employees of HDFC.
To finance this deal, Weaver is raising up to ₹800 crore from private equity firms like Gaja Capital and Lok Capital. The sale is part of CIFL’s strategy to focus on its core businesses and is pending regulatory approval.
Pinank Jayant Shah, CEO of Capital India Finance, noted that this sale will help the company strengthen its equity and improve its operational performance.
Once the acquisition is approved, Weaver plans to introduce innovative home loan products aimed at empowering self-employed individuals in smaller towns, especially targeting women borrowers who often face challenges accessing traditional finance. Weaver is led by Satrajit Bhattacharya, a former HDFC executive, along with other finance professionals from HDFC.
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