State-owned Central Bank of India will exit housing finance joint venture by selling its entire stake of over 64% to Centrum Housing Finance for Rs 160 crore."This is to inform that the bank has entered into a binding agreement to divest its entire equity stake of 64.40% i.E. 1,61,00,000 shares of face value of Rs 10 each in Cent Bank Home Finance Ltd (CBHFL), to Centrum Housing Finance, subject to approvals from regulatory authorities," Central Bank of India said in a BSE filing. According to a separate filing by Centrum Capital, the parent of Centrum Housing, the cost of acquisition is about Rs 160 crore on cash basis.