Weaver Services has acquired Capital India Home Loans for Rs 267 crore ($31.7 million).
The acquisition aims to strengthen Weaver's presence in the affordable housing finance sector, particularly in underserved markets.
Weaver Services plans to introduce innovative financial products, targeting self-employed individuals and those in the unorganized sector, especially in Tier 2 and Tier 3 towns.
The company aims to enhance financial inclusion, particularly for women borrowers, by offering affordable and accessible home loan solutions.