IHC arm gets RBI nod to buy Sammaan Capital

IHC arm gets RBI nod to buy Sammaan Capital

MUMBAI: Sammaan Capital (formerly Indiabulls) shares rose 6% after the RBI approved the acquisition of a controlling stake by UAE-based International Holding Company (IHC) through an initial investment of about Rs 8,850 crore. In a regulatory filing on March 24, Sammaan Capital said RBI had cleared applications related to the proposed transaction involving Avenir Investment, an entity owned and controlled by IHC. TNN

  • Related Posts

    Petrol, diesel prices up by Rs 3, CNG by Rs 2, further hike likely; no change in piped gas yet

    NEW DELHI: Amid mounting losses, public sector oil firms announced the much-anticipated increase in petrol and diesel prices, raising it by around Rs 3 a litre across metros on Friday,…

    Rapido valued at $3 billion with fresh $240 million funding

    MUMBAI: Rapido, which rivals Uber and Ola in India’s ride-hailing market, has raised a fresh $240 million in funding led by Dutch technology investor Prosus at a valuation of $3…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Don’t pass final order against Apple till July 15: HC to CCI

    Don’t pass final order against Apple till July 15: HC to CCI

    US says El Nino just weeks away, earlier than expected

    US says El Nino just weeks away, earlier than expected

    Israel-Lebanon ceasefire extended for 45 days as peace talks continue

    Israel-Lebanon ceasefire extended for 45 days as peace talks continue

    Amjad Khan’s son Shadaab Khan reveals he auditioned for major role in Dhurandhar but was rejected over physicality

    Amjad Khan’s son Shadaab Khan reveals he auditioned for major role in Dhurandhar but was rejected over physicality

    Leo Horoscope Today, May 16, 2026: If you’re considering a purchase for your work, compare prices and check the warranty

    Leo Horoscope Today, May 16, 2026: If you’re considering a purchase for your work, compare prices and check the warranty

    2 coaching centres fined for unfair trade practices & misleading ads

    2 coaching centres fined for unfair trade practices & misleading ads