Centrum Capital to Sell Housing Finance Arm to Weaver Services

Centrum Capital Limited has entered into an agreement to sell its entire stake in Centrum Housing Finance Ltd. (CHFL), its affordable housing finance subsidiary, to Weaver Services—a new-age housing finance platform backed by marquee investors including Premji Invest, Lightspeed Ventures, and Gaja Capital.

The transaction, approved by Centrum’s Board, remains subject to shareholder, regulatory, and third-party approvals. As of June 30, 2025, CHFL reported an AUM of approximately Rs1,640 crore, operating across 100 locations and serving over 18,000 customers. Its product portfolio includes home loans, self-construction loans, home improvement loans, and loans against property.

E&Y acted as financial advisor and J. Sagar Associates as legal counsel for CHFL. Weaver Services was advised by KPMG on tax matters and Khaitan & Co., Bengaluru on legal aspects.

Jaspal Bindra, Executive Chairman, Centrum Group, commented, “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—that will drive and significantly scale CHFL’s operations going forward.”

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