Sammaan Capital Limited has informed the Exchange regarding 'This is further to our intimation dated October 2, 2025, with respect to the proposed preferential issue and allotment of the following securities to Avenir Investment RSC Ltd ( Investor ) on a private placement basis, for cash consideration, in accordance with the provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, other applicable laws and on the terms and conditions as set out in the share subscription agreement entered into between the Company and the Investor on October 2, 2025 (the Preferential Issue ):(i) 33,00,00,111 (thirty three crore one hundred and eleven) fully paid up equity shares of the Company each having a face value of INR 2/- (Indian Rupees Two Only) at a price of INR 139/- (Indian Rupees one hundred and thirty nine only) per equity share aggregating to INR 45,87,00,15,429/- (Indian Rupees four thousand five hundred and eighty seven crore fifteen thousand four hundred and twenty nine only); and(ii) 8,68,92,966 (eight crore sixty eight lakh ninety two thousand nine hundred and sixty six) warrants, each carrying a right to subscribe to 1 (one) equity share, at a price of INR 139/- (Indian Rupees one hundred and thirty nine only) per warrant, and 21,97,97,569 (twenty one crore ninety seven lakh ninety seven thousand five hundred and sixty nine) warrants, each carrying a right to subscribe to 1 (one) equity share, at a price of INR 139/- (Indian Rupees one hundred and thirty nine only) per warrant.Pursuant to applicable provisions of the Listing Regulations, this is to update you that the Company is in receipt of the in-principle approval from National Stock Exchange of India Limited and from BSE Limited in relation to the Preferential Issue.'.
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Awaiting price reaction for this filing.
Sammaan Capital Limited is issuing 33,00,00,111 (33 crore) equity shares at INR 139 per share (face value INR 2) to Avenir Investment RSC Ltd on a private placement basis, aggregating to about INR 4,587 crore. Alongside this, the company is issuing 30,66,90,535 (about 30.67 crore) warrants, also at INR 139 each, which can be converted into equity shares in the future. If all warrants are exercised, the total potential capital raise could exceed INR 8,800 crore. The company has now received in-principle approval from both NSE and BSE for this preferential issue, paving the way for the allotment to proceed.
This is a very large capital raise that will significantly strengthen Sammaan Capital's equity base, but it will also lead to substantial dilution for existing shareholders once the warrants are converted. The stock may see near-term pressure due to the large equity issuance at INR 139 per share, though long-term impact depends on how the fresh capital is deployed.