Sammaan Capital: CCI approves Avenir acquisition; SEBI and RBI nods pending
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 1.3 pts more than Nifty Smallcap 250 and 1.0 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Sammaan Capital (formerly Indiabulls Housing Finance) said the Competition Commission of India cleared Avenir Investment RSC Ltd's proposed takeover of a controlling stake. Avenir is owned by Abu Dhabi based International Holding Company (IHC). Pending approvals are SEBI for the Open Offer and RBI. Both the company and the investor are engaging with regulators for timely completion of the deal.
Removes a key regulatory hurdle for the takeover; stock may react positively but final closure still hinges on SEBI and RBI approvals.