Sammaan Capital Limited has informed the Exchange regarding 'This is further to our intimations dated October 2, 2025, October 29, 2025, November 7, 2025 and December 10, 2025, 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 ). Pursuant to applicable provisions of the Listing Regulations, we wish to inform that the Reserve Bank of India ( RBI ) has, vide its letter dated March 24, 2026, approved the applications made by the Company and Sammaan Finserve Limited (formerly known as Indiabulls Commercial Credit Limited) ( SFL ) (i.e., wholly owned subsidiary of the Company) respectively, in respect of undertaking the Proposed Transaction, including indirect change of control of SFL pursuant to the Proposed Transaction. The RBI has also allowed the Company and SFL s request for waiver of the public notice period.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 preferential issue.Upon completion of the preferential issue, the Acquirer shall hold approximately 41.23%(1) 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 Acquirer shall hold approximately 63.36%(2) of the paid‑up equity share capital of the Company.The only regulatory approvals pending for consummation of the Proposed Transaction are from the Securities and Exchange Board of India ( SEBI ), for which the Company and the Investor are in active engagement with the SEBI to ensure expeditious receipt of the approvals, towards timely completion of the Proposed Transaction.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, and fulfilment of other contractual conditions. Request you to kindly take the same on record. '.
SAMMAANCAP · price
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Sammaan Capital (formerly Indiabulls Housing Finance) has received RBI approval for the proposed acquisition of a controlling stake by Avenir Investment RSC Ltd, an entity owned by Abu Dhabi-based International Holding Company PJSC. The RBI also approved the indirect change of control of subsidiary Sammaan Finserve and waived the public notice period. The investor will invest approximately Rs 8,849.99 crore via a preferential issue, giving it about 41.23% of paid-up equity capital. Combined with the Open Offer (assuming full uptake), the acquirer's stake will rise to about 63.36%. Only SEBI approval now remains pending, and the company says it is actively engaging with SEBI to complete the deal quickly.
This is a significant positive development for shareholders as the deal has cleared the key RBI hurdle and is now closer to completion. A successful takeover by a large global investor could bring fresh capital and credibility, though it also means a change of control and potential dilution for existing shareholders.