The Centrum Group (Centrum Capital Limited (BSE:501150)) has roped in EY to find a buyer for its stake in housing loan subsidiary Centrum Housing Finance Limited. The Jaspal Bindra-led group plans to either exit the housing finance business fully or pare stake to become a minority shareholder. "If we get a good value, we can look at divesting the business or monetise it," Bindra told ET.

"It's still at an exploratory stage. We have told EY to look at the various options". Centrum holds about 60% in the mortgage lending arm while Morgan Stanley has 25% interest.

The balance is held by employees and other investors. While the group transferred all its lending businesses to Unity Small Finance Bank, which is 51% owned by it, it did not do so for the housing business.