Ex-HDFC Honcho’s Housing Finance Venture Attracts Marquee Investors And Best Talents

A new housing finance company being set up by former HDFC executive Satrajit Bhattacharya, former head of M&A at HDFC Ltd, appears to have gathered significant momentum. The venture, news of which was broken here on shortpost.in last December, is likely to be called Weaver, according to reliable sources. The affordable housing finance initiative is learnt to have attracted several high-powered professionals from across domains. “It’s quite a story that Satrajit and his team are weaving together,” said someone in the know of things. “There are talks of acquisitions,” he mentioned. That the venture is eyeing acquisitions as an entry strategy comes as no surprise, given Satrajit’s expertise in M&A. Weavers is looking at crafting together a differentiated national story, and several respected and eminent investment bankers and advisors are understood to be associated with the venture. Several marquee investors too are likely to be a part of the new project it is learnt. Satrajit, an industry veteran, was till recently the senior general manager heading investments and mergers and acquisition for HDFC.