Sammaan Capital Limited has announced a significant investment from Avenir Investment RSC Ltd, marking a new phase of growth for the company. The Securities Issuance and Investment Committee of Sammaan Capital approved the allotment of equity shares and warrants to Avenir, a company owned and controlled by IHC, during a meeting held on March 31, 2026.
The investment comprises 33,00,00,111 equity shares at a price of ₹139 per share, totalling ₹45,87,00,15,429. Additionally, Avenir has been allotted 8,68,92,966 warrants, each allowing the subscription to one fully paid-up equity share at the same price, amounting to ₹12,07,81,22,274. These warrants are exercisable within 26 weeks following the expiration of an open offer period, in compliance with SEBI regulations.
Furthermore, 21,97,97,569 warrants have been issued, with the right to subscribe to one equity share each, also priced at ₹139 per warrant. This tranche amounts to ₹30,55,18,62,091 and can be exercised in one or more tranches within 18 months from the date of allotment.
As of the allotment date, Avenir has paid a total of ₹56,52,75,11,520.25, which includes 25% of the aggregate subscription amount for the warrants. The remaining balance will be paid upon exercising the warrants, as per the terms of the share subscription agreement and SEBI regulations.
This strategic investment will result in Avenir acquiring control over Sammaan Capital upon the completion of the open offer, classifying Avenir as a promoter of the company. The equity shares and those issued upon conversion of the warrants will be listed on both BSE Limited and the National Stock Exchange of India Limited.
The meeting where these decisions were made commenced at 10:00 A.M. and concluded at 10:45 A.M.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).