Page 2 - Centrum Group News Today

The Jaspal Bindra-led group plans to either exit the housing finance business fully or pare stake to become a minority shareholder.

The Jaspal Bindra-led group plans to either exit the housing finance business fully or pare stake to become a minority shareholder. "If we get a good value, we can look at divesting the business or monetise it," Bindra told ET. "Its still at an exploratory stage. We have told EY to look at the various options." Centrum holds about 60% in the mortgage lending arm while Morgan Stanley has 25% interest. The balance is held by employees and other investors.

The Singapore-based alternative asset manager launched the India Credit “Plus” fund in June with a target corpus of ₹400 crore and a green-shoe option for a similar amount

Singapore-based RV Capital Management’s India arm on Thursday announced the first close of its maiden performing credit fund, raising about a quarter of the target ......

Mumbai-headquartered Centrum group holds a 74% stake in Centrum Housing Finance. Private equity investor Morgan Stanley PE Asia holds around 25%, having invested ₹190 crore in the business in 2020.

Centrum Capital is reportedly considering selling its stake in Centrum Housing Finance, its mortgage financing business. Centrum holds a 74% stake, while Morgan Stanley PE Asia holds around 25%. The potential sale is driven by RBI directives following Centrums acquisition of PMC Bank, which require Centrum to divest its majority stake in the housing finance business

At a recent Adda in Mumbai, filmmaker Karan Johar spoke on the film industry facing trolling, viewers returning to theatres and creative people being fearless.

By Tom Sims FRANKFURT (Reuters) - A Munich-based property developer said on Friday it had filed to open insolvency proceedings with a local court, in ...

Mumbai-based ASK Private Wealth, the wealth advisory and family office arm of ASK Group, has floated its maiden private credit fund, joining many other asset ......

The German property industry will ask the government for multi-billion euro support at a meeting with Chancellor Olaf Scholz, people familiar with the matter said, as gloom engulfs the nations...