Centrum Capital has announced that it will divest its entire stake in Centrum Housing Finance Ltd. (CHFL), its affordable housing finance subsidiary, to Weaver Services for ₹430 crore.
The transaction, already approved by Centrum’s board, is subject to shareholders, regulatory, and other necessary approvals. The deal values CHFL at around ₹800 crore enterprise valuation. Since Centrum Capital owns a little over 50% in CHFL, it will receive ₹430 crore from the divestment, according to a company spokesperson.
As of June 30, 2025, CHFL reported an AUM of ₹1,640 crore, operating across 100 locations and serving over 18,000 customers. The company provides a range of loan products including home loans, construction loans, home improvement loans, and loans against property.
While Centrum Capital is fully exiting, Morgan Stanley and Centrum’s associates & employees, who together hold around 50%, will retain their stakes in CHFL.
Jaspal Bindra, Executive Chairman of Centrum Group, expressed confidence in Weaver Services, backed by Premji Invest, Lightspeed Ventures, and Gaja Capital, to scale CHFL further.
Satrajit Bhattacharya, Founder of Weaver Services, said they were humbled to take charge of an asset built with “a lot of care.”
Advisors for the deal included E&Y and J Sagar Associates for CHFL, and KPMG with Khaitan & Co for Weaver Services.
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Market Insights & Update
The deal strengthens Centrum’s liquidity with ₹430 crore inflow.
The move aligns with Centrum’s strategy to restructure its financial services portfolio.
Weaver Services’ entry signals rising investor appetite in affordable housing finance, a sector driven by growing demand in tier-2 and tier-3 cities.
Key Insights
✅ Deal value: ₹430 crore to Centrum Capital
✅ CHFL AUM: ₹1,640 crore as of June 2025
✅ Retaining shareholders: Morgan Stanley & Centrum associates
✅ Weaver backed by marquee investors like Premji Invest & Lightspeed
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