Sammaan Capital's Billion-Dollar Boost: CCI Greenlights Avenir's Game-Changing Stake Grab!

Sammaan Capital (formerly Indiabulls Housing Finance), an RBI-registered NBFC, secures major capital from Abu Dhabi-based Avenir, an IHC affiliate. The transaction involves issuing 33 cr shares at ₹139 each (₹4,587 cr) and warrants (₹4,262 cr total), triggering an open offer ending Dec 10. CCI cleared it after assessing no competition concerns.​

This bolsters Sammaan's liquidity for housing finance expansion amid regulatory scrutiny post-rebranding.​

Key Highlights

Investment Size: ₹8,850 cr ($1 bn) for 43.46% fully diluted stake.​

Structure: Preferential allotment + warrants; open offer for 26% at ₹139/share.​

Approvals: CCI nod on Dec 9; SEBI-compliant with Citigroup as manager.​

Strategic Gains: Promoter shift, board rights, enhanced credit profile and governance.​

Timeline: Tendering Nov 27-Dec 10; identified date Nov 13.​

Sources: CCI, PIB, Economic Times​