Sammaan Capital Shares Surge 11% Following RBI Approval for Abu Dhabi's IHC Stake Acquisition
Sammaan Capital Share Price Jumps 11% After RBI Approval
Shares of Sammaan Capital, formerly Indiabulls Housing Finance, rose 11% on March 25, following the Reserve Bank of India's (RBI) approval of the acquisition of a 66.65% stake in the company by Avenir Investment RSC, a subsidiary of International Holding Company (IHC).
The RBI has also cleared the appointment of IHC nominee Alwyn Dinesh Crasta as a director on the company's board for a period of up to five years. Avenir Investment RSC plans to invest Rs 8,850 crore through a preferential issue, which will increase its stake in the company to 41.23%. This could further increase to 63.36% after the preferential issue and open offer.
Sammaan Capital's market capitalisation is over Rs 10,500 crore. The company's shares were banned from F&O trading on March 24, 2026, and at 10:35 am on March 25, the shares were trading at Rs 154 apiece.
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Investor Takeaway
Investors should be aware of the potential impact of the stake acquisition on Sammaan Capital's stock price.
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