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.
The company’s valuation is approximately Rs 800 crore and Weaver Services is acquiring a 75% stake, with the acquisition cost at approximately Rs 600 crore. Founded in April 2024 by Satrajit Bhattacharya, Weaver was set up with an intent to enter the affordable home finance space.
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 in a statement, “Our housing finance business has seen sustained profitable growth since inception. We have found an ambitious 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.”
Centrum is a diverse financial services group, serving the financial and advisory needs of institutions and HNIs for two and a half decades.
