Sammaan Capital Secures Approvals for ₹8,850 crore Equity Issue
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Sammaan Capital cleared all regulatory approvals for an ₹8,850 crore preferred equity and warrant issue that could give Avenir Investment RSC Ltd up to 63.3 % control after the open offer.
- The deal injects ₹8,850 crore (₹8,849,99,99,794) from Avenir Investment RSC Ltd, a vehicle of International Holding Company PJSC; conversion of warrants will initially give the investor 41.2 % of paid‑up equity.
- Full uptake of the open offer would raise the investor’s stake to 63.3 %, shifting control of the lender.
- All required clearances—from SEBI, the RBI, the Competition Commission of India, stock‑exchange regulators, plus shareholder and creditor consents—have been obtained; the share subscription agreement was signed on 2 Oct 2025.
- The capital boost is expected to strengthen Sammaan’s balance sheet, lift its capital adequacy ratio and fund expansion of its home‑loan portfolio, digital platforms, and ancillary services.
- Existing shareholders will face dilution, though a premium‑priced open offer could offset the impact; the new controlling shareholder also introduces governance and integration risks.
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