25 Mar , 2026 By : Debdeep Gupta
The central bank has also cleared the appointment of IHC nominee Alwyn Dinesh Crasta as a director on the company's board for a period of up to five years
Shares of NBFC Sammaan Capital (formerly Indiabulls Housing Finance) rose 11% on March 25 after the Reserve Bank of India (RBI) approved the acquisition of a 66.65% stake in Sammaan Capital by Avenir Investment RSC, a subsidiary of Abu Dhabi-based International Holding Company (IHC).
The central bank has also cleared the appointment of IHC nominee Alwyn Dinesh Crasta as a director on the company's board for a period of up to five years.
Sammaan Capital said Avenir plans to invest Rs 8,850 crore through a preferential issue.
Post the allotment, Avenir is expected to hold around 41.23% stake, which could increase to 63.36?ter the preferential issue and open offer.
"Upon completion of the preferential issue, the Acquirer shall hold approximately 41.23% of the paid?up equity share capital of the Company. Further, upon completion of the preferential issue and the Open Offer, and assuming full uptake in the Open Offer, the Acquirer shall hold approximately 63.36%(2) of the paid?up equity share capital of the Company," said Sammaan Capital in a stock exchange filing.
Sammaan Capital shares were banned from F&O trading on March 24, 2026. At 10:35 am on March 25, the NBFC's shares were trading 11% higher at Rs 154 apiece.
The market capitalisation of the stock is over Rs 10,500 crore.
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