Centrum Capital explores sale of its stake in housing finance biz

October 9, 2023

Centrum Capital is reportedly considering selling its stake in Centrum Housing Finance, its mortgage financing business. Centrum holds a 74% stake, while Morgan Stanley PE Asia holds around 25%. The potential sale is driven by RBI directives following Centrum’s acquisition of PMC Bank, which require Centrum to divest its majority stake in the housing finance business

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Rs 804 crore worth block deals in Aptus Value Housing. Morgan Stanley, SBI MF are among buyers

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