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The latest update is out from Sammaan Capital Ltd ( (IN:SAMMAANCAP) ).
Sammaan Capital Limited announced that the Competition Commission of India has approved the proposed acquisition of a controlling stake in the company by Avenir Investment RSC Ltd, a subsidiary of International Holding Company PJSC. The transaction is pending further regulatory approvals from the Securities and Exchange Board of India and the Reserve Bank of India. The acquisition is expected to enhance Sammaan Capital’s market positioning and operational capabilities, benefiting stakeholders by potentially expanding its financial services offerings.
More about Sammaan Capital Ltd
Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, operates as a non-deposit taking non-banking financial company. It provides a range of financial services including retail and wholesale loans, lease rental discounting, asset management, and distribution of insurance products. The company is registered with the Reserve Bank of India and focuses on lending and investment activities.
Average Trading Volume: 1,169,327
Technical Sentiment Signal: Buy
Current Market Cap: 123.2B INR
For a thorough assessment of SAMMAANCAP stock, go to TipRanks’ Stock Analysis page.