Premji, Gaja, and Lightspeed-backed Weaver Services to acquire a 75.01% stake in Centrum Housing Finance from Centrum Capital for $65.9m.

Premji, Gaja, and Lightspeed-backed Weaver Services, an Indian housing finance company, agreed to acquire a 75.01% stake in Centrum Housing Finance, a housing finance company, from Centrum Capital, a diversified Indian financial services group, for $65.9m. “Our housing finance business has seen sustained profitable growth since inception. We are happy that we have found an ambitious and highly capable platform—Weaver Services, backed by marquee investors like Premji Invest, Lightspeed Ventures, and Gaja Capital—that will drive and significantly scale CHFL’s operations going forward,” Jaspal Bindra, Centrum Group Executive Chairman.