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Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) announced today, December 31, 2025, that its Board of Directors has approved a Scheme of Arrangement between Sammaan Finserve Limited (SFL), the demerged company, and Sammaan Capital Limited (SCL), the resulting company. This scheme, which is subject to necessary consents and regulatory approvals, involves the demerger of SFL's NBFC business undertaking into SCL on a going-concern basis. Upon the scheme becoming effective, SFL will surrender its NBFC license.

This restructuring is part of a broader strategy following Avenir Investment RSC Ltd's agreement on October 2, 2025, to invest $1 billion (₹8,850 crores) for a 41.2% controlling stake, making them promoters. The scheme aims to consolidate lending operations, simplify the organizational structure, ensure regulatory compliance, improve governance, and enhance operational clarity. Sammaan Capital plans to leverage IHC's expertise to expand into non-lending financial services and fintech businesses.

The demerged undertaking's turnover for the year ended March 31, 2025, was ₹1,270.96 Crores, representing 14.7% of SCL's consolidated turnover. The scheme does not involve any cash consideration or change in the shareholding pattern, as SFL is a wholly-owned subsidiary of SCL. The equity shares of SCL are already listed on the stock exchanges, and no new listing is required.

The Board meeting commenced at 2:30 p.m. IST and concluded at 4:30 p.m. IST on December 31, 2025.