RBI Clears Avenir’s Controlling Stake Buy in Sammaan Capital, SEBI Nod Pending

Sammaan Capital Ltd ( (IN:SAMMAANCAP) ) has provided an update.

Sammaan Capital Limited has secured Reserve Bank of India approval for Avenir Investment RSC Ltd, owned by International Holding Company PJSC, to acquire a controlling stake via a large preferential equity issue, including an indirect change of control at subsidiary Sammaan Finserve Limited. The RBI has also waived the public notice period, clearing a key regulatory hurdle for the roughly INR 8,850 crore capital infusion that will initially give the acquirer about 41.23% of the company and up to 63.36% post-open offer, with only Securities and Exchange Board of India approvals remaining before the transaction can be completed, potentially strengthening the lender’s capital base and strategic backing.

The deal’s structure, centred on a preferential issue and subsequent open offer under an existing share subscription agreement, signals a significant shift in Sammaan Capital’s ownership profile and may reshape its competitive stance in India’s housing finance space. With active engagement underway to secure the remaining SEBI clearances, the transaction’s timely consummation would introduce a new controlling shareholder with deep international capital, likely influencing future growth plans, risk appetite, and governance for the company and its stakeholders.

More about Sammaan Capital Ltd

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, operates in India’s housing finance and credit sector through its core lending business and its wholly owned subsidiary, Sammaan Finserve Limited. The company focuses on retail and commercial credit, positioning itself as a significant player in the country’s housing finance market.

Average Trading Volume: 433,492

Technical Sentiment Signal: Strong Sell

Current Market Cap: 108B INR

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