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Capital India Finance transfers RemitX foreign exchange business to Kanji Forex for Rs 1,140 lakh
31-Aug-2026, 07:22
Capital India Finance Limited announced that its board approved the transfer of assets related to its foreign exchange business, "RemitX," to Kanji Forex Private Limited for a consideration of Rs 1,140 lakh. The transaction, executed on August 31, 2026, is expected to be completed by October 31, 2026, pending regulatory approvals. The RemitX business contributed Rs 2,492.81 lakh to Capital India Finance Limited’s turnover/revenue/income and Rs 2,825.50 lakh to its net worth for the financial year ended March 31, 2026. Kanji Forex Private Limited, based in Mumbai, Maharashtra, is not affiliated with Capital India Finance Limited's promoter group.