Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Centrum Group sells housing finance arm to Weaver Services
Centrum Group has sold its housing finance subsidiary, Centrum Housing Finance. Weaver Services, backed by Premji Invest, acquired a 75% stake. This deal was completed after receiving regulatory approval. Weaver Services also raised Rs 950 crore to fund this acquisition. The capital raise totaled Rs 1,450 crore. Lightspeed Venture Partners co-led the recent funding round.
Centrum Group sells housing finance arm to Weaver Services
Centrum Group has sold its housing finance subsidiary, Centrum Housing Finance. Weaver Services, backed by Premji Invest, acquired a 75% stake. This deal was completed after receiving regulatory approval. Weaver Services also raised Rs 950 crore to fund this acquisition. The capital raise totaled Rs 1,450 crore. Lightspeed Venture Partners co-led the recent funding round.
Mortgage lender Weaver buys majority stake in Centrum Housing
Weaver raised funds to acquire a 75.01% stake in Centrum Housing Finance. Centrum Capital separately said it has completed the sale of its entire stake in the mortgage lending arm.