2 months ago
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Sammaan Capital Ltd (formerly Indiabulls Housing Finance Ltd) said it has received each approvals for bulk involvement acquisition by Avenir Investment RSC Ltd which is owned and controlled by International Holding Company PJSC.
The institution and the capitalist are present engaged to reason the projected transaction astatine the earliest.
The Securities and Exchange Board of India (SEBI) precocious approved the applications made by Sammaan Asset Management Ltd (SAML) which is simply a wholly-owned subsidiary of the company.
For the projected transaction, the institution had antecedently received requisite approvals from the shareholders, the lenders/ creditors, the banal exchanges, the Competition Commission of India (CCI), and the Reserve Bank of India (RBI).
“Now with the receipt of the SEBI approvals, each regulatory approvals for consummation of the Proposed Transaction are successful place,” the institution said successful a filing with exchanges.
The projected transaction volition beryllium effected successful accordance with the presumption of the stock subscription statement dated October 2, 2025 entered into betwixt the institution and the investor.
As per the statement the capitalist proposes to put an aggregate magnitude of astir ₹8,849.99 crore by mode of the preferential issue.
Upon completion of the preferential issue, the capitalist volition clasp astir 41.2% of the paid-up equity stock superior of the company.
Further, upon completion of the preferential contented and the unfastened offer, and assuming afloat uptake successful the unfastened offer, the capitalist volition clasp astir 63.3% of the paid-up equity stock superior of the company, it said successful the filing.
