The Reserve Bank of India has approved the acquisition of a controlling stake in Sammaan Capital by UAE-based International Holding Company (IHC) through an initial investment of approximately ₹8,850 crore. According to The Times of India, in a regulatory filing on March 24, Sammaan Capital confirmed that RBI cleared applications related to the proposed transaction involving Avenir Investment, an entity owned and controlled by IHC. This regulatory approval represents a significant milestone in the ongoing restructuring of the housing finance company.
France-based financial services group Societe Generale has acquired additional shares worth ₹76 crore in Sammaan Capital, the housing finance company, via open market transactions on March 25. The company purchased 50.59 lakh shares (0.6 percent stake) in Sammaan Capital (earlier known as Indiabulls Housing Finance) at ₹149.92 per share for ₹75.84 crore. This acquisition adds to the 1.49 percent stake held by Societe Generale as of December 2025. The stock market responded positively to these developments, with Sammaan Capital emerging as the biggest gainer amongst F&O stocks, rising 6 percent to ₹146.88 on the National Stock Exchange.
The buying interest by Societe Generale in Sammaan Capital shares may be related to the proposed investment by Abu Dhabi-based Royal Group. As reported by Moneycontrol, Royal Group-owned International Holding Company PJSC through Avenir Investment RSC has proposed to invest ₹8,850 crore in Sammaan Capital via preferential issue. After completion of the preferential issue, Avenir will hold approximately 41.23 percent stake in the company, while post the preferential issue and open offer, its holding will increase to 63.36 percent. The RBI approval of this transaction further validates the strategic importance of this investment for the housing finance sector.
The stock market responded positively to the developments, with Sammaan Capital emerging as the biggest gainer amongst F&O stocks, rising 6 percent to ₹146.88 on the National Stock Exchange. According to Moneycontrol, the stock's strong performance may be attributed to the increased institutional interest and the proposed Royal Group investment. The housing finance company's shares have gained momentum following these significant stake acquisitions, with the RBI approval adding further confidence to market participants about the transaction's legitimacy and regulatory compliance.
In Reva Diamonds, promoter Gadgil Renu Govind bought 7 lakh shares (2.2 percent stake) in the diamond-studded jewellery maker for ₹25.55 crore from RGSL Investment LVF 1, with the transaction price at ₹365 per share. As reported by Moneycontrol, RGSL Investment Fund-RGSL held 4.48 percent stake in the company as of December 2025. Additionally, Amicorp Capital (Mauritius) acquired 7.01 lakh shares (1.59 percent stake) in Apollo Pipes for ₹29.18 crore.
