Centrum Capital shines as its arm to acquire housing finance business of National Trust Housing Finance
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Centrum Capital is currently trading at Rs. 27.00, up by 0.60 points or 2.27% from its previous closing of Rs. 26.40 on the BSE.
The scrip opened at Rs. 26.80 and has touched a high and low of Rs. 27.50 and Rs. 26.55 respectively. So far 17807 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 36.60 on 13-Dec-2021 and a 52 week low of Rs. 18.20 on 16-Jun-2022.
Last one week high and low of the scrip stood at Rs. 27.95 and Rs. 24.65 respectively. The current market cap of the company is Rs. 1123.29 crore.
The promoters holding in the company stood at 38.23%, while Institutions and Non-Institutions held 0.44% and 61.34% respectively.
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.
