Weaver Services Pvt. Ltd. completed the acquisition of Centrum Housing Finance Ltd. (CHFL), marking its formal entry into India’s housing finance sector, according to a regulatory filing by Centrum Capital Ltd.

Centrum Capital confirmed on Wednesday that it has divested its entire stake in CHFL, following which the housing finance company will cease to be its subsidiary. The transaction closure comes after the Reserve Bank of India (RBI) approved the change in control on February 3, 2026.

Backed by ₹1,450 crore funding

The acquisition follows Weaver Services’ ₹1,450 crore fundraise led by Premji Invest and Lightspeed, with participation from Gaja Capital and other investors.

The capital is being deployed to acquire and scale housing finance assets as the company looks to build a large lending platform focused on underserved segments of India’s mortgage market.

Part of a broader roll-up strategy

The acquisition of CHFL is part of Weaver’s plan to consolidate smaller housing finance companies and create a scalable platform through inorganic growth. The company has previously acquired Capital India Housing Finance, and with the addition of CHFL, the combined entity is expected to have assets under management exceeding ₹2,000 crore and a network of over 100 branches across the country.

By acquiring existing licensed entities, Weaver gains immediate access to loan books, distribution networks, and regulatory approvals, reducing the time required to build operations from scratch.

Weaver Services is focused on catering to self-employed and informal-income borrowers, particularly in tier 2 and tier 3 cities. The company plans to deploy technology-driven underwriting models, including alternative data and AI-based risk assessment, to evaluate creditworthiness and expand access to housing finance.

According to industry estimates, tens of millions of Indian households remain outside the formal housing credit ecosystem despite having repayment capacity, presenting a large opportunity for non-bank lenders.

With this deal, Centrum Capital has made a complete exit from its housing finance vertical. The company had earlier indicated its intention to divest CHFL as part of its realignment.

The shares of Centrum Capital ended 3.34% higher at ₹22.61 apiece on the national stock exchange on Wednesday. The company's stock has fallen nearly 6% during the past year, underperforming the Nifty 500 index that has risen over 6% during the same period.