Sammaan Capital Secures RBI No Objection for NBFC Business Transfer
Sammaan Capital Limited has received a 'no objection' from the RBI on May 7, 2026, for the transfer of Sammaan Finserve's NBFC business. This is a key regulatory step for the proposed scheme of arrangement. Further approvals from NCLT and shareholders are pending.
The RBI's approval is a significant milestone, but the scheme still requires other regulatory and shareholder approvals, indicating a medium-term impact rather than immediate.
The company has received a crucial 'no objection' from the RBI, which is a positive step towards the completion of its business restructuring.
Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has received a 'no objection' letter from the Reserve Bank of India (RBI) dated May 7, 2026. This approval is crucial for the transfer of the NBFC business of Sammaan Finserve Limited (SFL) to Sammaan Capital Limited (SCL) under a scheme of arrangement.
This development follows earlier intimations regarding the Board's approval of the scheme and the 'no adverse observations' received from BSE Limited on April 21, 2026, and NSE on April 22, 2026. The RBI's 'no objection' is a significant regulatory milestone for the implementation of the scheme.
The scheme is still subject to other statutory and regulatory approvals, including those from the National Company Law Tribunal and the respective shareholders and creditors of both Sammaan Capital Limited and Sammaan Finserve Limited.
What to do with a filing like this
Sammaan Capital Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.