Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has received a 'no objection' letter from the Reserve Bank of India (RBI) dated May 7, 2026. This approval is crucial for the transfer of the NBFC business of Sammaan Finserve Limited (SFL) to Sammaan Capital Limited (SCL) under a scheme of arrangement. This development follows earlier intimations regarding the Board's approval of the scheme and the 'no adverse observations' received from BSE Limited on April 21, 2026, and NSE on April 22, 2026. The RBI's 'no objection' is a significant regulatory milestone for the implementation of the scheme. The scheme is still subject to other statutory and regulatory approvals, including those from the National Company Law Tribunal and the respective shareholders and creditors of both Sammaan Capital Limited and Sammaan Finserve Limited.
