Weaver Services Private Limited acquired 75.01% of Centrum Housing Finance from Centrum Capital and other shareholders. Khaitan & Co advised Weavers on this deal and on agreements with Morgan Stanley Private Equity Asia to purchase the remaining 24.99% stake in total.
Weaver Services Private Limited’s purchase of a 75.01% controlling stake in Centrum Housing Finance Limited marks a significant strategic move into India’s affordable housing finance space.
Supported by a prominent investor group that includes Premji Invest, Lightspeed, and Gaja Capital, Weaver Services is positioning itself to meet rising demand for accessible home-financing solutions.
Khaitan & Co acted as legal counsel to Weaver Services for the acquisition and for the subsequent binding agreements with Morgan Stanley Private Equity Asia, which covers the remaining 24.99% stake.
Centrum Housing Finance and its parent, Centrum Capital Limited, were represented by JSA Advocates & Solicitors.
Khaitan’s core transaction team included Sanjay Khan Nagram (Partner), Srikanth Mantravadi and Shubhangi Tewari, supported by Associates Maansi Reddy Basani and Nikhil Dave.
Due diligence work was handled by Vinay Joy, Shailendra Bhandare, Srishti Ramkrishnan, Akash Srinivasan, Aditya J Nair, Divya Rau, along with Associates Gunika Agrawal, Shouraseni Chakraborty and Shreya Saxena.
Regulatory inputs were provided by Smita Jha, supported by Diksha Singh and Associates Navya Saxena and Nayana J M.
Final closing-related assistance was offered by Shriya Kamat.
On the other side, JSA’s deal team was led by led by Partner Sidharrth Shankar, with key support from Mergers & Acquisitions Partner Nandini Seth, Principal Associate Aditya Vardhan Dayal, Senior Associates Eksha Narayan, Rupaly Middha and Pranav Rao N, along with Associate Aditya Sinha.
Financing aspects were handled by Partners Utsav Johri and Megha Upadhyay, while the Competition team comprised Partners Vaibhav Choukse and Ela Bali, assisted by Senior Associate Aditi Khanna.