Centrum Capital has reported that Businessmatch Services (India) Private Limited has created a pledge on a portion of its equity shares in the company, according to a recent disclosure. This move highlights a significant financial transaction involving one of Centrum Capital's major shareholders.

Pledge Details

• Number of Shares Pledged: 12,00,000
• Percentage of Total Share Capital: 0.29%
• Pledge Beneficiary: Ms. Shalini Verma
• Date of Encumbrance: August 21, 2025
• Purpose: Third party pledge regarding fresh loan

Impact on Shareholding

The creation of this pledge has altered Businessmatch Services' position in Centrum Capital:

Additional Information

The pledge was reported to the stock exchanges and Centrum Capital on August 25, 2025, as per the regulatory requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Businessmatch Services (India) Private Limited, located in Mumbai, remains a significant shareholder in Centrum Capital despite this encumbrance.

This transaction underscores the dynamic nature of shareholding structures in publicly traded companies and the various financial instruments available to major shareholders. While the pledge represents a small percentage of Centrum Capital's total share capital, it reflects ongoing financial activities within the company's ownership structure.

Centrum Capital Limited has announced a significant move in its business portfolio by agreeing to sell its entire stake in its subsidiary, Centrum Housing Finance Limited (CHFL), to Weaver Services Private Limited for approximately ₹430 crore. This strategic divestment marks a notable shift in Centrum's business focus and is expected to have a substantial impact on the company's financial structure.

Transaction Details

The deal, formalized through a Share Purchase Agreement (SPA) dated August 22, 2025, involves the complete transfer of Centrum Capital's ownership in CHFL. The transaction is subject to several conditions, including approvals from shareholders of both Centrum Capital and CHFL, as well as necessary regulatory clearances.

Financial Implications

CHFL has been a significant contributor to Centrum Capital's consolidated financials. For the fiscal year 2024-25, CHFL reported:

The substantial contribution of CHFL to Centrum Capital's net worth underscores the significance of this divestment.

Business Performance of CHFL

As of June 30, 2025, CHFL boasted an Assets Under Management (AUM) of approximately ₹1,640 crore. The company has established a strong presence with offices across 100 locations, serving over 18,000 customers. CHFL's product portfolio includes home loans, self-construction loans, home improvement loans, and loans against property.

Strategic Rationale and Future Outlook

Jaspal Bindra, Executive Chairman of Centrum Group, commented on the sale: "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."

The acquirer, Weaver Services, is a new entrant in the housing finance sector, founded in April 2024. Satrajit Bhattacharya, Founder of Weaver Services, expressed his enthusiasm about the acquisition, stating, "We are very humbled that the Centrum group has entrusted us with an asset they built with a lot of care."

Transaction Timeline and Advisors

The deal is expected to be completed within approximately six months, subject to the fulfillment of various conditions precedent. For this transaction:

• Ernst & Young served as the financial advisor to CHFL
• J. Sagar Associates provided legal counsel to CHFL
• KPMG acted as the tax advisor to Weaver Services
• Khaitan & Co, Bengaluru offered legal advisory services to Weaver Services

This divestment represents a significant milestone for Centrum Capital, potentially allowing the company to reallocate resources and focus on its core banking and financial services operations. For Weaver Services, the acquisition of CHFL presents an opportunity to establish a strong foothold in the affordable housing finance sector, leveraging technology and data analytics to drive growth.

Investors and market watchers will be keenly observing how this strategic move impacts Centrum Capital's financial performance and market position in the coming quarters.