Weaver Services Private Limited (Weaver) announced the successful completion of its 100% acquisition of Capital India Home Loans Limited (CIHL), after securing all required regulatory approvals.

The Rs 267 crore transaction was financed through equity raised from Premji Invest, Gaja Capital, and a group of prominent individual investors. Capital India was advised on the deal by Sanjeev Lall and Devesh Kumar of EIP Financial Services LLP, and Sunil Shukla of CC Chokshi Advisors, while AZB & Partners served as legal advisors to Weaver Services.

This milestone follows Weaver’s October 2024 announcement of its intent to acquire CIHL, marking a significant step in its strategic plan to enter India’s affordable housing finance market. With the acquisition finalized, Weaver is set to roll out a technology-driven housing finance platform focused on self-employed individuals in the unorganised sector, with a strong presence in Tier 2 and Tier 3 cities. The company will place special emphasis on promoting financial inclusion for women borrowers, a demographic that often faces barriers in accessing credit through traditional lenders.

“Through this strategic acquisition, Weaver is poised to establish its market presence and drive meaningful change by delivering customised financial solutions tailored to the unique needs of our diverse customer base”, said Satrajit Bhattacharya, Promoter of Weaver Services. “Closing this acquisition with all approvals in place transforms our intent into action. We can now focus entirely on execution, building a platform that offers fair, fast, and accessible housing finance to those historically excluded from the system. We would like to thank our investors, the Capital India team, and their advisors, especially Mr. Sanjeev Lall, for their support in completing the transaction”.

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Keshav Porwal, Managing Director of Capital India Finance Limited, added, “We are pleased that both the business and the team at Capital India Home Loans Limited have found a strong new home in Weaver. This handover marks a new chapter for CIHL and its team. Weaver brings the vision and capabilities needed to accelerate growth, expand reach, and deliver meaningful social impact in housing finance”.

Weaver now aims to scale rapidly and reshape India’s affordable housing finance landscape. By combining advanced technology with deep local market knowledge, the company intends to deliver lasting social and economic impact for communities traditionally underserved by the formal financial system.