Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Weaver Eyes Buyout Targets as Launch Nears
Mint New Delhi
|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 New Delhi.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint New Delhi
Mint New Delhi
'Banks can't rely on service providers'
As banks worldwide double down on digital transformation, Reserve Bank of India (RBI) deputy governor Swaminathan J. has cautioned lenders that they cannot simply rely on third-party service providers for outsourced solutions.
1 min
December 02, 2025
Mint New Delhi
SC orders pan-India CBI probe into digital arrests
The court issued a notice to RBI on why AI wasn't used to identify mule accounts
1 mins
December 02, 2025
Mint New Delhi
Your attention is the new currency for India’s streaming apps
India’s video-streaming platforms are beginning to value deeper, higher-quality viewer engagement, with watch time and total minutes viewed becoming core indicators amid plateauing paid subscriptions.
2 mins
December 02, 2025
Mint New Delhi
IT growth trails global clients amid shifting tech spending
Automation, product spends, in-house tech centre investments contributed to decoupling
2 mins
December 02, 2025
Mint New Delhi
Don't know where Trafigura’s nickel millions are, says Gupta
Prateek Gupta, the man Trafigura Group says defrauded it of $600 million in a massive nickel scam, told a court on Thursday he didn't know where much of that money has gone.
1 min
December 02, 2025
Mint New Delhi
Centre to sell up to 6% in Bank of Maharashtra
State-owned lender Bank of Maharashtra is likely to see a stake dilution as the government plans to divest up to a 6% stake through an offer for sale starting Tuesday.
1 min
December 02, 2025
Mint New Delhi
Banking sakhis have a key role in India's financial inclusion efforts
They have taken banking services to rural regions and we now need to strengthen their network
3 mins
December 02, 2025
Mint New Delhi
Gold soars ₹3,040 on global cues
Gold prices surged by ₹3,040 to ₹1,33,200 per 10 gm in the national capital on Monday, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association.
1 min
December 02, 2025
Mint New Delhi
Centre's tobacco tax recast to lift states’ excise revenue
The duty on tobacco would rise from 64% to 70% once the amended law is implemented
2 mins
December 02, 2025
Mint New Delhi
Sri Lanka cyclone death toll at 355
Cyclone Ditwah brought the island nation’s worst floods in a decade when it struck on Friday.
1 min
December 02, 2025
Listen
Translate
Change font size