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.

Centrum Capital , a prominent financial services company, has seen significant changes in its shareholding structure as Businessmatch Services (India) Private Limited, a major shareholder, reported multiple pledge transactions involving its equity shares.

Pledge Releases

Businessmatch Services witnessed several pledge releases:

• 29 lakh shares released from Aditya Birla Finance Limited
• Two separate releases of 5 lakh shares each from KR Choksey and Talland Limited

These releases were attributed to fluctuations in market prices.

New Pledge Creation

In a move to secure fresh financing, Businessmatch Services pledged 35 lakh shares to an undisclosed third party. This new pledge represents a significant portion of the company's holdings in Centrum Capital.

Current Shareholding Position

Following these transactions, Businessmatch Services' position in Centrum Capital stands as follows:

Reporting and Compliance

Businessmatch Services promptly reported these transactions to the stock exchanges, in line with regulatory requirements. This disclosure ensures transparency for all stakeholders in Centrum Capital.

The series of pledge creations and releases highlights the dynamic nature of shareholding arrangements in public companies, often influenced by market conditions and financing needs. Investors and market watchers may want to keep an eye on further developments in Centrum Capital's shareholding pattern, as such changes can potentially impact the company's governance and financial strategies.