Tag: Weaver Services

Housing FinanceLatest Stories

Centrum Capital sells mortgage unit to Weaver for ₹430 crore

NEW DELHI: Centrum Capital Ltd has announced the signing of an agreement to divest its complete stake in Centrum Housing Finance Ltd (CHFL), its affordable housing finance arm, to lender Weaver Services for Rs 430 crore. This agreement, approved by Centrum’s board, is contingent upon shareholder, regulatory, and other commercial approvals, as stated by Centrum Capital. As of June 30, 2025, CHFL manages assets worth Rs 1,640 crore and operates in 100 locations, serving over 18,000 customers. Their offerings include home loans, self-construction loans, home improvement loans, and loans against property. For this transaction, E&Y acted as the financial advisor…

Housing FinanceLatest Stories

Weaver Services to Raise ₹1,482 Crore from Lightspeed, Premji Invest

Housing finance platform Weaver Services has announced agreements to secure $170 million (approximately ₹1,481.5 crore) in a funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital. This funding round, pending regulatory approval, is amongst the largest recent investments in affordable housing finance. Weaver is committed to a technology-first approach, focusing on underserved segments like self-employed individuals in tier-II and tier-III cities. The company has acquired Capital India Housing Finance as a foundational asset and plans to acquire additional assets to achieve initial scale, currently evaluating various options. Weaver emphasized that this investment will enhance its ability…

Housing FinanceLatest Stories

Capital India Finance Wins RBI Nod to Sell Housing Finance Unit

Representative Image NEW DELHI: Capital India Home Loans (CIHL), the key subsidiary of Capital India Finance (CIFL), a non-banking financial company (NBFC), has secured the Reserve Bank of India’s (RBI) approval for its acquisition and change in control by Weaver Services. The transaction is valued at ₹267 crore for 100% equity shares of CIHL. In October 2024, the decision was made to divest its entire stake in the company’s main subsidiary. Subsequently, CIHL submitted an application to the RBI for approval regarding Weaver Services’ acquisition and control change. “Capital India Finance is currently undergoing strategic consolidation, focusing on strengthening its…