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EY India acted as the exclusive M&A advisor to Centrum Group for the sale of 75% stake in Centrum Housing Finance to Weaver Services
EY has successfully advised Centrum Capital and its affiliate for sale of a majority stake in its housing finance subsidiary Centrum Housing Finance (CHFL) to Weaver Services- marking EY’s second deal for Centrum Housing and fourth transaction in the Housing Finance space.
Centrum Capital (CCL)
A diversified financial services group listed on BSE and NSE. With a banking license obtained in 2021, CCL formed Unity Small Finance Bank and offers broking and wealth management services to a wide range of clients.
Weaver Services
Founded in 2024 to enter the affordable home finance space, Weaver is supported by marquee investors such as Premji Invest, Lightspeed, and Gaja Capital. It leverages analytics, machine learning, data science, and AI to enhance credit assessment and repayment behaviour.
As India develops, “Housing for All” has emerged as a key national agenda, CHFL has played an important part in driving this mission. The company now finds a new home in Weaver Services and together the team is well equipped to continue driving growth and scale in the business. We wish them all the best as they step into an important next phase of the journey.