Capital India Finance Limited's board has approved the sale of assets related to its foreign exchange business, "RemitX," to Kanji Forex Private Limited.

The company will receive INR 11.40 Cr for this transfer.

This divestment, subject to regulatory approvals, is expected to complete by October 31, 2026, after which CIFL will surrender its Authorised Dealer Category-II (AD-II) Licence.

For the last financial year, the RemitX business contributed 4.68% to consolidated turnover and 4.20% to net worth, signalling a strategic move to streamline operations and potentially reallocate capital.