Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, has informed the stock exchanges that it has received the Letter of Offer along with an addendum in relation to an open offer made to its public shareholders.
The offer has been made by Avenir Investment RSC Ltd, along with IHC Capital Holding LLC acting as a person acting in concert, to acquire up to 34,17,54,286 equity shares. This constitutes 26.05% of the company’s expanded voting share capital. The acquisition is being conducted in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Citigroup Global Markets India Private Limited has been appointed as the manager of the offer.
Under the terms of the open offer, the acquirers have proposed a cash consideration of ₹139 per fully paid equity share and ₹39 per partly paid equity share, each with a face value of ₹2.
The tendering period is scheduled to commence on April 17, 2026, and close on April 30, 2026. The process of confirming acceptance or rejection of shares and completing payment of consideration is expected to be finalised by May 15, 2026.
Also Read: Poonawalla Fincorp Shares in Focus: Announced Fundraising Plan of ₹2,500 Crore via QIP
Sammaan Capital Limited, a leading housing finance NBFC, has announced its consolidated financial results for the third quarter and nine months ended December 31, 2025. The company reported a net worth of ₹22,423 crore as of Q3FY26, while its consolidated Assets Under Management (AUM) stood at ₹64,200 crore at the end of 9MFY26.
The AUM mix continued to strengthen in favour of growth assets, with growth AUM rising around 26% year-on-year from ₹34,952 crore to ₹44,038 crore, now contributing nearly 70% of the total portfolio, while the legacy loan book reduced to ₹20,162 crore, reflecting a decline of ₹6,833 crore during the period.
On the profitability front, consolidated Profit Before Tax (PBT) stood at ₹419 crore in Q3FY26 compared to ₹417 crore in Q3FY25, while for 9MFY26 it rose sharply to ₹1,312 crore versus a loss of ₹2,831 crore in the corresponding period last year. Similarly, consolidated Profit After Tax (PAT) increased to ₹314 crore in Q3FY26 against ₹302 crore in Q3FY25, and for 9MFY26, PAT improved significantly to ₹957 crore compared to a loss of ₹2,132 crore in 9MFY25.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 10, 2026, 12:03 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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