Sammaan Capital Limited has received approval from the Reserve Bank of India (RBI) for a significant investment proposal by Avenir Investment RSC Ltd. The investment, amounting to approximately ₹8,849 crore, will be executed through a preferential issue.
The proposed transaction involves Avenir Investment RSC Ltd, which is owned by International Holding Company PJSC, acquiring a controlling stake in Sammaan Capital. This development follows previous announcements regarding the acquisition, with the RBI now granting approval for the applications submitted by Sammaan Capital and its wholly-owned subsidiary, Sammaan Finserve Limited.
The transaction includes an indirect change of control of Sammaan Finserve Limited, and the RBI has also waived the public notice period requirement. Upon completion of the preferential issue, Avenir will hold about 41.23% of Sammaan Capital’s paid-up equity share capital. Furthermore, if the open offer is fully subscribed, Avenir’s holding could increase to approximately 63.36%.
The only pending regulatory approvals for the transaction are from the Securities and Exchange Board of India (SEBI). Both Sammaan Capital and Avenir are actively engaging with SEBI to expedite the approval process to ensure timely completion of the transaction.
The transaction will proceed according to the terms set out in the share subscription agreement dated October 2, 2025, between Sammaan Capital and Avenir, along with other contractual conditions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).