RBI clears Avenir Investment's takeover bid for Sammaan Capital

RBI clears Avenir Investment's takeover bid for Sammaan Capital

On completion of the preferential allotment, Avenir will hold roughly 41.23 per cent of Sammaan Capital’s paid-up equity share capital.

The Reserve Bank of India (RBI) on Monday approved Avenir Investment RSC Ltd's proposed acquisition of a controlling stake in Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Lim… [+1093 chars]
RBI clears Avenir Investment's takeover bid for Sammaan Capital - FHMnews