BlackRock Increases Stake in Sammaan Capital

BlackRock, the world's largest asset manager, has strengthened its position in Sammaan Capital with the acquisition of an additional 562,942 shares, representing a 0.06% stake in the company. This move follows an open market transaction on March 11, 2026, increasing BlackRock's stake in the Housing Finance Corporation (HFC) to 7.68% from 7.62%.

The acquisition was made on behalf of discretionary management clients, with the price of the shares not disclosed. This development comes amidst severe volatility in the small-cap stock, driven by the broader market sell-off.

Shareholding Breakdown

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• General public shareholders hold the largest stake in the company, with 58.76% of the total share capital.
• Life Insurance Corporation of India (LIC), the country's largest insurer and asset manager, held a 4.63% stake in Sammaan Capital at the end of the December quarter.
• 405,600 retail investors collectively hold a share capital of up to ₹2 lakh, representing a 27.17% stake in the company.

Company Performance

Sammaan Capital's share price has experienced significant volatility in recent months, with a decline from ₹188.59 to ₹140, representing a loss of 26% in value. The company's yearly performance has also been impacted, with seven out of the last eight years closing in the red. The largest annual decline occurred in 2019, when the stock dropped 63.32%.

Financial Highlights

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• Consolidated net profit rose 4% year-on-year (YoY) to ₹314 crore in Q3 FY26.
• Revenue increased 7% YoY to ₹2,157 crore.
• Growth AUM reached ₹44,038 crore at the end of 9MFY26, accounting for around 70% of the total loan book.

Future Growth Plans

Sammaan Capital is focused on maintaining a strong capital adequacy ratio, moderate gearing, stable asset quality, and a strong liquidity position to support future growth. The company is also planning to merge with Sammaan Finserv Limited, which will consolidate all NBFC lending operations, distribution infrastructure, and manpower under Sammaan Capital Limited, enabling a streamlined organisational structure, enhanced governance, and a unified mortgage-led product offering.