Sammaan Capital: RBI Approves Acquisition by Avenir Investment, ₹8,850 Cr Preferential Issue
Sammaan Capital Limited announced that the RBI has approved the acquisition of a controlling stake by Avenir Investment RSC Ltd. The investor will inject approximately ₹8,850 crore via a preferential issue. SEBI approval is the final pending regulatory clearance for the transaction.
The acquisition by a new investor and a substantial capital infusion will likely lead to a significant change in the company's ownership structure and financial standing.
The RBI approval for the acquisition and the significant investment amount indicate a positive development for the company.
Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has received approval from the Reserve Bank of India (RBI) for the proposed acquisition of a controlling stake by Avenir Investment RSC Ltd. The RBI's approval, dated March 24, 2026, covers the proposed transaction, including the indirect change of control of Sammaan Capital's wholly-owned subsidiary, Sammaan Finserve Limited (SFL). The RBI has also waived the public notice period for both the company and SFL.
Under the proposed transaction, the Investor, Avenir Investment RSC Ltd, intends to invest approximately ₹8,849,99,99,794 (₹8,850 crore) through a preferential issue. Upon completion of this preferential issue, the Acquirer is expected to hold approximately 41.23% of the company's paid-up equity share capital. This stake may increase to approximately 63.36% after the preferential issue, an Open Offer, and assuming full uptake in the Open Offer.
The only remaining regulatory approval required for the transaction's consummation is from the Securities and Exchange Board of India (SEBI). Sammaan Capital and the Investor are actively engaged with SEBI to expedite the approval process and ensure timely completion of the proposed transaction, which will be executed as per the share subscription agreement dated October 2, 2025.
What to do with a filing like this
Sammaan Capital Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Sammaan Capital Limited. Read the original for the full detail.