Finance Express-Housing finance firm Weaver Services acquires Capital India Home Loans
Housing finance firm Weaver Services Pvt Ltd (WEAVER) has announced the acquisition of 100% of the fully diluted equity capital of Capital India Home Loans Ltd for a total consideration of Rs 267 crore.
This acquisition is a key step in WEAVER’s mission to redefine the landscape and reach of affordable housing finance, the company said in a release on Wednesday.
“Upon securing the necessary regulatory approvals and completion of the acquisition, WEAVER will launch a suite of innovative home loan products tailored specifically for the citizens of BHARAT,” it said.
