Centrum Capital to sell affordable housing finance business to Weaver Services for Rs 430 crore

Centrum Capital to sell its affordable housing finance business to Weaver Services for Rs 430 crore

Centrum Capital will be divesting its entire stake in affordable housing finance arm Centrum Housing Finance (CHFL) to new age company Weaver Services for Rs 430 crore, the company said in a statement.

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

As on June 30, 2025, CHFL has an AUM (asset under management) 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.

“Centrum Housing enterprise valuation is approximately Rs 800 crore and the Centrum Capital (listed entity) owns little over 50 percent in Centrum Housing so it will be getting around Rs 430 crore out of the deal,” a Centrum company spokesperson said.

The Centrum Group’s associates and employees own approximately 25 percent share in Centrum Housing Finance, while Morgan Stanley owns balance 25 percent, which is retaining its stake.

“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,” Jaspal Bindra, Executive Chairman, Centrum Group said.

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.”

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, the company said on August 22, the company said.