Sammaan Capital share price surged 8% as RBI greenlit a significant 66.65% stake acquisition by Abu Dhabi’s Avenir Investment RSC. This deal, involving an Rs 8,850 crore preferential issue, marks a major Middle Eastern investment in India’s financial sector. However, the RBI imposed conditions, including a ban on public deposit raising, with SEBI’s final nod pending.
Recent Posts
- Global Markets | Australian shares rally on softer inflation, Mideast ceasefire prospect
- RBI steps in as prior intervention-linked flows pressure rupee near record lows
- Pudgy Penguins Launches Visa-Backed Crypto Debit Card Worldwide — PENGU Spikes Nearly 5.6%
- Bitcoin Doesn’t Face ‘Existential’ Risk From Quantum Computers, Says Brian Armstrong: ‘With Good Work, We Can Make Sure That Lands In A Good Place’
- 6:1 Rights Issue: Textile stock rises 11% after it sets record date for ₹42 Cr Rights Issue