Sammaan Capital Limited has informed the Exchange regarding 'We wish to inform that all regulatory approvals have now been received with respect to the proposed acquisition of controlling stake in Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) ( Company ) by Avenir Investment RSC Ltd ( Investor ), which is owned and controlled by International Holding Company PJSC ( Proposed Transaction ). The Company and the Investor are now engaged to conclude the Proposed Transaction at the earliest.Pursuant to applicable provisions of the Listing Regulations, the Securities and Exchange Board of India ( SEBI ) has approved the applications made by Sammaan Asset Management Limited ( SAML ) (i.e., wholly owned subsidiary of the Company), under the SEBI (Portfolio Managers) Regulations, 2020 and the SEBI (Alternative Investment Funds) Regulations, 2012 respectively, in respect of indirect change of control of SAML pursuant to the Proposed Transaction.For the Proposed Transaction, the Company had previously received requisite approvals from the shareholders, the lenders / creditors, the stock exchanges, the Competition Commission of India, and the Reserve Bank of India. Now with the receipt of the SEBI approvals, all regulatory approvals for consummation of the Proposed Transaction are in place. The Proposed Transaction will be effected in accordance with the terms of the share subscription agreement dated October 2, 2025 entered into between the Company and the Investor.Pursuant to the Proposed Transaction, the Investor proposes to invest an aggregate amount of approximately INR 8,849,99,99,794/- (Indian Rupees Eight Thousand Eight Hundred and Forty Nine Crore Ninety Nine Lakh Ninety Nine Thousand Seven Hundred and Ninety Four only), by way of the preferential issue.Upon completion of the preferential issue, the Investor shall hold approximately 41.2% of the paid up equity share capital of the Company. Further, upon completion of the preferential issue and the open offer, and assuming full uptake in the open offer, the Investor shall hold approximately 63.3% of the paid up equity share capital of the Company.This intimation is being made under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ( Listing Regulations ), and is in continuation to our intimations dated October 2, 2025, October 29, 2025, November 7, 2025, December 10, 2025, and March 24, 2026.'.
SAMMAANCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts more than Nifty Smallcap 250 and 2.5 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sammaan Capital has received all regulatory approvals (including from SEBI, RBI, CCI, shareholders, and lenders) for the proposed acquisition of a controlling stake by Avenir Investment RSC Ltd, which is owned by Abu Dhabi-based International Holding Company (IHC). The investor will invest approximately ₹8,850 crore through a preferential issue of equity shares and warrants. Upon completion of the preferential issue, the investor will hold around 41.2% of the paid-up equity share capital, and up to 63.3% if the open offer is fully taken up. The deal, governed by a share subscription agreement dated October 2, 2025, is now set to conclude at the earliest.
Positive for the stock as it removes regulatory uncertainty and brings in a deep-pocketed sovereign-backed investor. Existing shareholders should note significant dilution risk and the possibility of an open offer where they can tender shares at a potentially attractive price.