Centrum Capital’s subsidiary -- Centrum Housing Finance (CHFL) has entered into a Business Transfer agreement on December 3, 2022, for acquisition of housing finance business of National Trust Housing Finance (NATRUST) for a consideration of Rs 112 crore. The transaction is subject to customary conditions precedent and closing actions.
NATRUST is a Chennai based Affordable Housing Finance Company with a presence in 17 locations across 4 states in South India. It has a loan book of over Rs 300 crore and a 149 member team. As per the agreement, CHFL will acquire the housing finance business including the loan portfolio, branches and employees. The acquisition will propel CHFL’s AUM to over Rs 1,000 crore. The acquisition will help CHFL expand geographical coverage, add origination capacities to augment organic growth.
Centrum Capital is an investment banking company, which offers a range of financial services in the areas of equity capital market, private equity, corporate finance, project finance and stressed asset resolution.
