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Centrum Capital Ltd arm to acquire 64.40% stake in Cent Bank Home Finance Ltd
Posted On:
2020-12-24 09:01:28
(Time Zone: Arizona, USA)
Centrum Housing Finance Limited, a subsidiary of Centrum Capital limited has entered into a Share Purchase Agreement with Central Bank of India ( CBoI ) for acquisition of CBoI s entire equity stake in Cent Bank Home Finance Limited ( CBHFL ) constituting 64.40% (sixty four point fourty percent) of the share capital of CBHFL on a fully diluted basis, subject to the receipt of regulatory approvals first being obtained and compliance of applicable law.
Cent Bank Home Finance Limited is a deposit-taking Housing Finance and Mortgage Company jointly promoted by four Public Sector Institutions, viz. Central Bank of India, National Housing Bank, Specified Undertaking of Unit Trust of India and Housing and Urban Development Corporation. ....

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