Centrum Capital Limited has informed the Exchange about General Updates
CENTRUM · price
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Centrum Capital Limited has signed a Share Purchase Agreement on August 22, 2025, to sell its entire 100% stake in subsidiary Centrum Housing Finance Limited (CHFL), which runs its affordable housing finance business, to Weaver Services Private Limited for approximately Rs. 430 crore, subject to adjustments. CHFL is a significant subsidiary, contributing 6.12% of consolidated turnover (Rs. 214 crore of Rs. 3,493 crore) and a striking 702% of consolidated net worth in FY25, with its own net worth of Rs. 475 crore against the parent's Rs. 68 crore. As of June 30, 2025, CHFL had an AUM of around Rs. 1,640 crore, over 18,000 customers, and offices across 100 locations offering home loans, self-construction loans, home improvement loans, and loans against property. Weaver Services, founded in April 2024, is backed by Premji Invest, Lightspeed Ventures, and Gaja Capital, and this is its second housing finance acquisition after Capital India Home Loans earlier in August 2025. The deal is expected to close in about 6 months, subject to shareholder, regulatory, and lender approvals.
This is a major divestiture that will bring in roughly Rs. 430 crore of cash, materially strengthening Centrum Capital's balance sheet. The sale also represents a strategic exit from the affordable housing finance segment, with Centrum continuing to focus on its banking (Unity Small Finance Bank), broking, wealth, and institutional businesses. For shareholders, the deal could be seen as value-unlocking given CHFL's outsized contribution to consolidated net worth, though the final impact will depend on how the proceeds are deployed.