Sammaan Capital Limited Receives RBI Approval for Proposed Acquisition

Sammaan Capital Limited Receives RBI Approval for Proposed Acquisition​

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, announced on March 24, 2026, that it has received approval from the Reserve Bank of India (RBI) for a proposed acquisition of a controlling stake. The acquisition is being pursued by Avenir Investment RSC Ltd, which is owned and controlled by International Holding Company PJSC.

The RBI’s approval, conveyed in a letter dated March 24, 2026, covers the applications made by Sammaan Capital Limited and its wholly-owned subsidiary, Sammaan Finserve Limited (formerly Indiabulls Commercial Credit Limited), regarding the transaction and related indirect change of control of Sammaan Finserve Limited. The RBI has also waived the public notice period.

Under the terms of the Proposed Transaction, the Investor plans to invest approximately INR 8,849,99,99,794 via a preferential issue. Following the completion of this issue, the Acquirer will hold approximately 41.23% of the Company’s paid-up equity share capital. Upon completion of the preferential issue and subsequent Open Offer, with full uptake assumed, the Acquirer's stake will increase to approximately 63.36%.

The transaction is subject to securing approval from the Securities and Exchange Board of India (SEBI), with the Company and Investor actively engaged in discussions to expedite the approval process. The deal will proceed according to the share subscription agreement dated October 2, 2025, and the fulfilment of other contractual conditions.

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