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Weaver Eyes Buyout Targets as Launch Nears
Mint Ahmedabad
|July 23, 2025
The housing financier is scouting for two more mortgage lenders
Premji Invest- and Gaja Capital-backed housing financier Weaver Services has received investor commitments of ₹1,500 crore and will start operations before the end of this month, founder Satrajit Bhattacharya said.
Weaver Services, which acquired Capital India Home Loans Ltd for ₹267 crore in October, is scouting for two more mortgage lenders, said Bhattacharya, who was earlier head of mergers and acquisitions at erstwhile HDFC Ltd. He declined to name the companies but said some of them were subsidiaries of listed companies.
"I have signed my shareholders' agreement with Gaja Capital and Premji Invest. So, Premji Invest is the lead investor and Gaja is slightly smaller," Bhattacharya said in an interview, adding the initial round is of ₹500 crore, which will be scaled up later.
Dit verhaal komt uit de July 23, 2025-editie van Mint Ahmedabad.
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