Centrum Capital gets RBI approval for stake sale in housing finance subsidiary
Centrum Capital Limited received RBI approval on February 3, 2025, for the sale of its entire stake in subsidiary Centrum Housing Finance Limited (CHFL) to Weaver Services Private Limited. The transaction closure is subject to other conditions precedent in the Share Purchase Agreement.
The sale of a material subsidiary can have a significant impact on the company's financial structure and future business focus.
The RBI approval for the stake sale in a subsidiary is a positive development for the company, indicating progress in its strategic divestment plans.
Centrum Capital Limited has received approval from the Reserve Bank of India (RBI) on February 3, 2025, for the proposed change in control and acquisition of its stake in its material subsidiary, Centrum Housing Finance Limited (CHFL), by Weaver Services Private Limited. This development is a follow-up to the Share Purchase Agreement (SPA) signed on August 22, 2025, for the transfer of Centrum Capital's entire stake in CHFL to Weaver Services, subject to statutory, regulatory, and corporate approvals, along with other conditions precedent.
The closure of the transaction remains contingent upon the fulfillment of these remaining conditions specified in the SPA.
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Centrum Capital Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Centrum Capital Limited. Read the original for the full detail.