Dedicated locality research platform

Centrum Housing acquires National Trust Housing’s home loan services

Centrum Housing Finance, the financial arm of Centrum Group has reportedly paid a sum of Rs. 112 crore rupees to acquire the home loan portfolio of National Trust Housing Finance. The companies are said to have entered into a binding agreement but no official spokesperson for either party has released any details to the press. National Trust Housing Finance is a Chennai-based institution that offer affordable housing finance across 17 cities in four southern states of India. It’s loan book exceeds Rs 300 crores and employs over 100 individuals. 

Centrum Housing Finance is backed by Morgan Stanley who paid a sum of Rs 190 crores in 2020 to acquire a 20 per cent stake. It is the affordable housing finance arm of Centrum Group that also runs Unity Small Finance Bank. Centrum Housing began operations in 2017 by offering home loans along with loans against properties, loans for construction, etc. It employs over 500 people and offers its services across 10 states in India. With the impending acquisition, the company’s loan portfolio is likely to cross the 1,000 crore-mark.

© Propscience.com. All Rights Reserved.