Mumbai-based financial services group Centrum has acquired the business operations of New Delhi-headquartered microlender Altura Financial Services Ltd through its unit Centrum MicroCredit Ltd.

— VCCircle

The deal was structured by way of a business transfer arrangement. Post the acquisition, CML will have a loan portfolio of around Rs 400 crore across 126 branches, servicing 2 lakh clients.

Khaitan & Co advised Centrum Microcredit Limited led by a team of partner Niren Patel, senior associate Shreya Mukherjee and associate Agranee Kapoor.

2019-11-18

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.