BENGALURU/MUMBAI:
"Some of the proceeds will be used to scale up Delhi-based Capital India Home Loans that the company acquired in October," one of the people cited above said.
While Paragon and Weaver did not respond, Premji declined Mint's requests for a comment.
Weaver, set up by Satrajit Bhattacharya, former head of investments and M&A at HDFC, and other former HDFC executives, said in October that it had signed an agreement to raise ₹800 crore from Gaja Capital and Lok Capital. The deal has not yet secured regulatory approval.
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