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Centrum Capital explores sale of its stake in housing finance business

Dated on: Monday 9th October 2023

Centrum Capital, the financial services company led by Jaspal Bindra, is considering the possible sale of its stake in its mortgage financing business, Centrum Housing Finance, as reported by two informed sources. The Mumbai-based Centrum group currently holds a 74% stake in Centrum Housing Finance, with private equity investor Morgan Stanley PE Asia holding approximately 25%, following a ?190 crore investment in the business in 2020.

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