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The Securities and Exchange Board of India (SEBI) has approved applications related to the indirect change of control of Sammaan Asset Management Limited, a wholly owned subsidiary of Sammaan Capital, under both Portfolio Managers and Alternative Investment Funds regulations.
This follows prior clearances from shareholders, lenders, stock exchanges, the Competition Commission of India, and the Reserve Bank of India. With SEBI’s nod, the company is now poised to conclude the transaction, which is governed by a share subscription agreement dated October 2, 2025.
Avenir plans to invest approximately ₹8,849.99 crore through the preferential issue. Post-transaction, it will hold around 41.2% of Sammaan Capital’s paid-up equity share capital. If the open offer sees full uptake, this stake could rise to 63.3%.
The company has formally notified the BSE, NSE, India International Exchange (IFSC) Ltd, and NSE IFSC Limited, reaffirming its commitment to regulatory transparency and shareholder communication.Sammaan Capital Secures All Regulatory Approvals for ₹8,849 Crore Investment by Avenir Investment RSC
Sammaan Capital Limited (formerly Indiabulls Housing Finance) has received all necessary regulatory approvals for its proposed preferential issue of equity shares and warrants to Avenir Investment RSC Ltd, a firm owned and controlled by International Holding Company PJSC. The transaction marks a significant strategic shift, with Avenir set to acquire a controlling stake in the company.
The Securities and Exchange Board of India (SEBI) has approved applications related to the indirect change of control of Sammaan Asset Management Limited, a wholly owned subsidiary of Sammaan Capital, under both Portfolio Managers and Alternative Investment Funds regulations.
This follows prior clearances from shareholders, lenders, stock exchanges, the Competition Commission of India, and the Reserve Bank of India. With SEBI’s nod, the company is now poised to conclude the transaction, which is governed by a share subscription agreement dated October 2, 2025.
Avenir plans to invest approximately ₹8,849.99 crore through the preferential issue. Post-transaction, it will hold around 41.2% of Sammaan Capital’s paid-up equity share capital. If the open offer sees full uptake, this stake could rise to 63.3%.
The company has formally notified the BSE, NSE, India International Exchange (IFSC) Ltd, and NSE IFSC Limited, reaffirming its commitment to regulatory transparency and shareholder communication.
This follows prior clearances from shareholders, lenders, stock exchanges, the Competition Commission of India, and the Reserve Bank of India. With SEBI’s nod, the company is now poised to conclude the transaction, which is governed by a share subscription agreement dated October 2, 2025.
Avenir plans to invest approximately ₹8,849.99 crore through the preferential issue. Post-transaction, it will hold around 41.2% of Sammaan Capital’s paid-up equity share capital. If the open offer sees full uptake, this stake could rise to 63.3%.
The company has formally notified the BSE, NSE, India International Exchange (IFSC) Ltd, and NSE IFSC Limited, reaffirming its commitment to regulatory transparency and shareholder communication.Sammaan Capital Secures All Regulatory Approvals for ₹8,849 Crore Investment by Avenir Investment RSC
Sammaan Capital Limited (formerly Indiabulls Housing Finance) has received all necessary regulatory approvals for its proposed preferential issue of equity shares and warrants to Avenir Investment RSC Ltd, a firm owned and controlled by International Holding Company PJSC. The transaction marks a significant strategic shift, with Avenir set to acquire a controlling stake in the company.
The Securities and Exchange Board of India (SEBI) has approved applications related to the indirect change of control of Sammaan Asset Management Limited, a wholly owned subsidiary of Sammaan Capital, under both Portfolio Managers and Alternative Investment Funds regulations.
This follows prior clearances from shareholders, lenders, stock exchanges, the Competition Commission of India, and the Reserve Bank of India. With SEBI’s nod, the company is now poised to conclude the transaction, which is governed by a share subscription agreement dated October 2, 2025.
Avenir plans to invest approximately ₹8,849.99 crore through the preferential issue. Post-transaction, it will hold around 41.2% of Sammaan Capital’s paid-up equity share capital. If the open offer sees full uptake, this stake could rise to 63.3%.
The company has formally notified the BSE, NSE, India International Exchange (IFSC) Ltd, and NSE IFSC Limited, reaffirming its commitment to regulatory transparency and shareholder communication.
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