Economic Times · India ·

Centrum sells 75% stake in housing finance arm to Weaver Services

→Change of control transfers ownership of mortgage lender

Mergers & Acquisitions Capital Markets Financial Services
Change
Centrum Group sold its 75% stake in Centrum Housing Finance to Weaver Services, completing a change of control.
Why it matters
The transaction shifts ownership and decision-making authority to the acquirer, altering regulatory and operational responsibilities.
Implications
  • → Control transfers to new owner — governance changes required
  • → Counterparties must reassess exposure — contractual relationships shift

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Economic Times
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