Shares of Sammaan Capital Ltd jumped 11% after the Reserve Bank of India (RBI) permitted Avenir Investment RSC, a subsidiary of Abu Dhabi-based International Holding Company (IHC), to acquire a 66.65% stake in the company.

The central bank has also approved the nomination of IHC nominee Alwyn Dinesh Crasta as a director on the company’s board for a maximum of five years. According to Sammaan Capital, Avenir intends to invest Rs 8,850 crore in a preferential issuance.

Following the allotment, Avenir is estimated to own around 41.23%, which might rise to 63.36% after the preferred issue and open offer.

Upon completion of the preferential issue, the Acquirer shall hold approximately 41.23% of the paid‑up equity share capital of the company. Further, upon completion of the preferential issue and the Open Offer, and assuming full uptake in the Open Offer, the Acquirer shall hold approximately 63.36%(2) of the paid‑up equity share capital of the company,” said Sammaan Capital in a stock exchange filing.

Sammaan Capital shares were removed from F&O trading on March 24, 2026. 

At 1:35 pm, the shares of Sammaan Capital were trading 4.59% higher at Rs 144.87 on NSE. 

The future of investing is here!
Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!