Weaver May Raise ₹1k Cr From Premji Invest, Paragon
Hindustan Times Jammu|December 26, 2024
Weaver Services Pvt. Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, is in talks to raise about ₹1,000 crores from Premji Invest and Paragon Partners, three people familiar with the matter told Mint.
Priyamvada C & Ranjani Raghavan

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.

Denne historien er fra December 26, 2024-utgaven av Hindustan Times Jammu.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 26, 2024-utgaven av Hindustan Times Jammu.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA HINDUSTAN TIMES JAMMUSe alt
Hindustan Times Jammu

Bumrah keeps battle alive; Australia top order clicks

Jasprit Bumrah's knack of coming up with magic deliveries in crunch situations kept India alive after Australia's top-order, headlined by teen debutant Sam Konstas' stroke-filled half-century, guided the hosts to 311 for 6 on the opening day of the fourth Test here on Thursday.

time-read
5 mins  |
December 27, 2024
Hindustan Times Jammu

Haven't been disciplined enough to stick in there

Indian superstar Virat Kohli on Thursday admitted he has not been disciplined enough in his last two-three innings of the Border-Gavaskar Trophy and plans to take a lot more time before going for his strokes in the remaining two Tests.

time-read
1 min  |
December 27, 2024
Hindustan Times Jammu

How Konstas's Father Prepared His Son For Tough Battles

If going after the much-feared Indian pacer Jasprit Bumrah came naturally to Sam Konstas, it had something to do with an innocuous mistake his father committed during the teenager's childhood training.

time-read
1 min  |
December 27, 2024
Hindustan Times Jammu

Erigaise looking to enter Candidates via World Rapid

Grandmaster Arjun Erigaise will have to tackle obstacles to retain his chances of becoming the first Indian to enter the 2026 Candidates' tournament when he opens his campaign at the World Rapid and Blitz chess tournament here.

time-read
1 min  |
December 27, 2024
Hindustan Times Jammu

India Needed Rohit To Open, Washi's Variation At MCG

India's assistant coach Abhishek Nayar on Thursday defended axing Shubman Gill from the Boxing Day Test, saying it was in the team's best interest to not only have Rohit Sharma back to his usual opening slot but also add some sting to the attack by drafting in spin all-rounder Washington Sundar.

time-read
1 min  |
December 27, 2024
Hindustan Times Jammu

Kohli May Face Disciplinary Action After Konstas Faceoff

Virat Kohli and Australian youngster Sam Konstas were on Thursday involved in a physical altercation that the 19-year-old home debutant played down as an accidental bump, but the incident is likely to prompt disciplinary action against the Indian superstar.

time-read
2 mins  |
December 27, 2024
Hindustan Times Jammu

Wedding Market Gets Glitz Back as Budgets Surge

Marriages might be made in heaven, but for those on Earth, the occasion to celebrate the exchange of vows is back to being an expensive affair.

time-read
2 mins  |
December 27, 2024
Hindustan Times Jammu

Loans, deposits surge; NPAs fall: RBI report

Indian banks' financial position has stayed robust, marked by the sustained expansion in loans and deposits, while their gross bad loan ratio has dropped to multi-year lows, a central bank report showed on Thursday.

time-read
1 min  |
December 27, 2024
Hindustan Times Jammu

Rupee Ends at Record Low for Third Session as Dollar Firms Up

The Indian rupee settled at a record closing low for a third consecutive session on Thursday, pressured by a firm dollar and importers' month-end dollar demand.

time-read
1 min  |
December 27, 2024
Hindustan Times Jammu

Exporters seek ₹750 crore fund to target $25 billion US potential

Exporters on Thursday sought a fund of ₹750 crore for three years to tap $25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods.

time-read
1 min  |
December 27, 2024