Weaver Services acquires Capital India Home Loans

Weaver Services Pvt Ltd has acquired 100 per cent of the afloat diluted equity superior of Capital India Home Loans Ltd for a full information of Rs 267 crore. The superior absorption volition beryllium connected empowering self-employed individuals successful the unorganized sector, peculiarly successful Tier 2 and Tier 3 towns, the institution said.

To concern this acquisition and substance its ambitious pan-India enlargement plans, Weaver is raising superior from starring backstage equity funds including Gaja Capital and Lok Capital to unafraid up to Rs 800 crore successful funding. This superior infusion volition beryllium instrumental successful launching caller products and enhancing operational capabilities, positioning the institution arsenic a important unit successful the affordable lodging concern sector, it said.