Centrum Capital Limited (CIN: L65990MH1977PLC019986), a leading financial services group in India, has signed a Share Purchase Agreement (SPA) with Weaver Services Private Limited for the divestment of its entire stake in Centrum Housing Finance Limited (CHFL). This strategic agreement, dated August 22, 2025, is subject to approvals from the shareholders of both entities, statutory and regulatory authorities, and other conditions precedent specified in the SPA. The transaction is expected to complete in approximately six months.

The deal values the sale of CHFL at approximately Rs 430 crore, subject to adjustments as per the SPA. CHFL, Centrum Capital’s Affordable Housing Finance business, has an Assets Under Management (AUM) of ~Rs 1,640 crore as of June 30, 2025, with offices across 100 locations and serving over 18,000 customers. CHFL offers home loans, self-construction loans, home improvement loans, and loans against property, addressing the financial needs of customers across Tier 2 and Tier 3 cities in India.

The agreement is a major milestone for Centrum Capital, reflecting the company’s focus on strategic divestments and portfolio optimization. It underscores the continued growth and attractiveness of CHFL in India’s affordable housing finance sector. Centrum Capital, a pan-India BFSI Group, provides a wide range of financial services including investment banking, retail and institutional broking, wealth management, AIF funds, and small finance banking through Unity Small Finance Bank.

The buyer, Weaver Services, founded in April 2024 by Satrajit Bhattacharya, is a new-age housing finance company backed by marquee investors like Premji Invest, Lightspeed Ventures, and Gaja Capital. Weaver Services aims to leverage advanced technology, analytics, machine learning, and AI to differentiate itself in the affordable housing finance market. The company recently completed its first acquisition, Capital India Home Loans, earlier in August 2025, demonstrating its aggressive growth strategy.

The transaction, advised by E&Y and J. Sagar Associates for CHFL and Centrum, and KPMG and Khaitan & Co for Weaver Services, is structured to ensure smooth transfer of CHFL’s operations, client base, and assets while maintaining business continuity. CHFL contributed ~6.12% of Centrum Capital’s consolidated turnover and ~701.98% of net worth for FY 2024-25, highlighting its importance in the company’s overall portfolio.

Commenting on the agreement, Jaspal Bindra, Executive Chairman, Centrum Group, stated that CHFL has achieved sustained profitable growth since inception, and the company is confident that Weaver Services, with its ambitious platform and strong investor backing, will scale operations significantly. Satrajit Bhattacharya, Founder of Weaver Services, expressed gratitude for the trust placed by Centrum Group and reaffirmed the company’s commitment to growing the affordable housing finance business responsibly.

Centrum Capital’s strategic divestment is expected to strengthen focus on its core financial services, including investment banking, wealth management, retail and institutional broking, and small finance banking. For Weaver Services, this acquisition provides a ready platform with a proven customer base, nationwide presence, and operational expertise, enhancing its ability to scale in India’s rapidly growing housing finance sector.

The agreement represents a key milestone in India’s affordable housing finance market, highlighting growing investor confidence in innovative, technology-driven financial platforms. It aligns with the broader trend of financial consolidation and strategic divestment in the BFSI sector, enabling companies to optimize resources while ensuring continued access to essential credit products for underserved segments.

With this acquisition, Weaver Services is poised to become a significant player in the affordable home loans market, leveraging CHFL’s existing infrastructure, customer base, and operational excellence to expand reach and enhance financial inclusion across India. Centrum Capital continues its legacy as a trusted financial services group with a diversified portfolio and commitment to long-term value creation for stakeholders.

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