Mumbai, March 18 -- Housing finance company Weaver Services Pvt Ltd has acquired a majority stake in Centrum Housing Finance Ltd (CHFL).

Weaver on Wednesday said it has completed raising Rs.1,450 crore from Premji Invest, Lightspeed Venture Partners, Gaja Capital and over 70 individuals.

The lender, founded by former HDFC Ltd executive Satrajit Bhattacharya, will use the funds to acquire a 75.01% stake in CHFL, the mortgage lending arm of Centrum Capital.

In a separate statement, Centrum Capital said the company completed the sale of its entire stake in Centrum Housing on Wednesday. CHFL will cease to be its subsidiary.

Weaver has also entered into a definitive agreement with Morgan Stanley to acquire its remaining 24.99% stake in Cen...