Centrum Capital signs an Agreement to sell its Affordable Housing Finance Business to Weaver Services

Centrum Capital Limited has signed an agreement to divest its full stake in Centrum Housing Finance Ltd. (CHFL), its Affordable Housing Finance Business to Weaver Services, a new age Housing finance company.

The agreement while approved by Centrum's Board, is subject to its shareholders, regulatory and other commercial third party approvals.

As on 30th June 2025, CHFL has an AUM of Rs ~1,640 crore and offices across 100 locations, servicing over 18,000 customers. It offers home loans, self-construction loans, home improvement loans and loans against property.

For CHFL, E&Y was the financial advisor and J. Sagar Associates were the legal advisors to the transaction. Whereas for Weaver Services, KPMG was the tax advisor and Khaitan & Co, Bengaluru were the legal advisors.

Commenting on the sale, Jaspal Bindra, Executive Chairman, Centrum Group, said, "Our housing finance business has seen sustained profitable growth since inception. We are happy that we have found an ambitious and highly capable platform - Weaver Services, backed by marquee investors like Premji Invest, Lightspeed Ventures and Gaja Capital, that will drive and significantly scale CHFL's operations going forward."

Satrajit Bhattacharya, Founder, Weaver Services., said "We are very humbled that the Centrum group has entrusted us with an asset they built with a lot of care."

Shares of Centrum Capital Limited was last trading in BSE at Rs. 38.17 as compared to the previous close of Rs. 38.20. The total number of shares traded during the day was 31163 in over 161 trades.

The stock hit an intraday high of Rs. 38.60 and intraday low of 37.40. The net turnover during the day was Rs. 1184363.00.

Source : Equity Bulls

Keywords

CentrumCapital INE660C01027 CentrumHousingFinance AffordableHousingFinanceBusiness Divestment WeaverServices