Board MeetingOutcome of Board Meeting
Capital India Finance's board has approved selling its 'RemitX' foreign exchange business to Kanji Forex for ₹11.40 Cr.
Capital India Finance LimitedCIFL · Filed with the exchange
This strategic move means CIFL will surrender its AD-II Licence.
RemitX contributed ~4.7% to turnover last fiscal.
Deal expected to close by October 31.
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