Sammaan Capital Limited has announced the receipt of all necessary regulatory approvals for a significant transaction involving the preferential issue of equity shares and warrants. The transaction will see Avenir Investment RSC Ltd, owned by International Holding Company PJSC, acquire a controlling stake in Sammaan Capital.
The Securities and Exchange Board of India (SEBI) has approved applications related to the indirect change of control of Sammaan Asset Management Limited, a wholly-owned subsidiary of Sammaan Capital, under various regulations. This approval follows prior consents from shareholders, lenders, stock exchanges, the Competition Commission of India, and the Reserve Bank of India.
The transaction, governed by a share subscription agreement dated October 2, 2025, involves an investment of approximately ₹8,849,99,99,794 by Avenir Investment. Upon completion, Avenir will hold about 41.2% of Sammaan Capital’s paid-up equity share capital. This stake could increase to approximately 63.3% following the completion of the preferential issue and an open offer, assuming full uptake.
This announcement follows a series of regulatory filings and is made under the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).