Sammaan Capital gets nod to acquire legacy, wholesale loans’ business from Sammaan Finserve

14 Nov 2024 Evaluate

Sammaan Capital has received approval for acquisition of legacy, wholesale loans’ business from its wholly owned subsidiary (WOS), Sammaan Finserve (formerly known as Indiabulls Commercial Credit), in its ordinary course of business, for a lump sum consideration and on such terms and conditions as contained in an agreement to be executed between the company and the WOS.

The Board of Directors of the company at their meeting held on November 13, 2024, has approved the same.

Sammaan Capital (Formerly known as Indiabulls Housing Finance) is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).


Sammaan Capital Share Price

134.95 1.30 (0.97%)
14-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
LIC Housing Finance 608.10
Housing & Urban Dev. 201.45
Bajaj Housing Financ 129.55
Sammaan Capital 134.95
PNB Housing Finance 904.05
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