Sammaan Capital Limited has informed the Exchange regarding 'Receipt of Observation Letters with 'no adverse observations' from BSE Limited and no objection from National Stock Exchange of India Limited in relation to the scheme of arrangement between Sammaan Capital Limited ( Company / SCL / Resulting Company ) and Sammaan Finserve Limited ( SFL / Demerged Company ) and their respective shareholders and creditors ( Scheme or Scheme of Arrangement ). '.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has received clearance from both BSE and NSE for a proposed scheme of arrangement involving the demerger of the lending business from Sammaan Finserve Limited (SFL) to Sammaan Capital Limited (SCL). BSE issued its observation letter on April 21, 2026, and NSE gave its no-objection on April 22, 2026. Both exchanges have conveyed no adverse observations, enabling the company to file the scheme with the National Company Law Tribunal (NCLT). The observation letters are valid for six months from the date of issue. SEBI has also provided certain conditions that must be incorporated in the NCLT petition, including compliance with various regulatory requirements and disclosure of ongoing legal proceedings.
This is a positive regulatory milestone for the proposed demerger. Shareholders should note that the scheme is still subject to NCLT approval and final implementation. The lending business will be transferred from SFL to SCL as a going concern, restructuring the group's operations.