Weaver May Raise ₹1k Cr From Premji Invest, Paragon
Hindustan Times Pune|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.

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