Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has announced the receipt of all necessary regulatory approvals for its proposed transaction, which includes the acquisition of a controlling stake by Avenir Investment RSC Ltd, owned by International Holding Company PJSC. This transaction involves a preferential issue of equity shares and warrants. The company and the investor are working to conclude the transaction promptly. The Securities and Exchange Board of India (SEBI) has approved applications made by Sammaan Asset Management Limited (SAML), a subsidiary, under the SEBI (Portfolio Managers) Regulations, 2020, and SEBI (Alternative Investment Funds) Regulations, 2012, concerning the indirect change of control of SAML. Previously, the company had obtained approvals from shareholders, lenders, creditors, stock exchanges, the Competition Commission of India, and the Reserve Bank of India. With the SEBI approvals now in place, all regulatory hurdles for the consummation of the proposed transaction, governed by the share subscription agreement dated October 2, 2025, are cleared. Through this preferential issue, the investor plans to invest approximately ₹8,849,99,99,794 (INR 8,850 Crore). Post-completion of the preferential issue, the investor is expected to hold about 41.2% of the company's paid-up equity share capital. This percentage could increase to approximately 63.3% after the completion of the preferential issue, an open offer, and assuming full uptake in the open offer, including warrants and employee stock options. This announcement is a continuation of previous intimations made on October 2, 2025, October 29, 2025, November 7, 2025, December 10, 2025, and March 24, 2026, and is made under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
