business weaver services to buy centrum housing finance for rs 600 crore

Weaver Services To Buy Centrum Housing Finance For Rs 600 Crore

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Weaver Services, backed by Gaja Capital, is set to acquire a 75% stake in Centrum Housing Finance for 600 crore. This deal values the mortgage lender at 800 crore, driven by Centrum's need to focus on its small finance bank as per regulatory requirements. The acquisition reflects continued investor interest in India's affordable housing finance sector, despite recent valuation adjustments.