Capital India Finance Board approves sale of stake in wholly owned subsidiaries

Capital India Finance Board approves sale of stake in wholly owned subsidiaries

The Board of Capital India Finance at its meeting held on 02 December 2021 has endorsed the proposition to strip the whole shareholding in Kuants Wealth (in the past CIFL Investment Adviser) (Kuants), Capital India Wealth Management (CIWMPL) and CIFL Holdings (CIFLHPL). entirely owned subsidiaries of the Company to Capital India Corp LLP,a promoter entity of the Company. Consequent to the fulfillment of the aforesaid divestment, Kuants, CIWMPL and CIFLHPL will stopped to be wholly-owned subsidiaries of the Company.

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