Sammaan Capital shares see profit booking today, after more than 21% rise in the last 5 days

Sammaan Capital shares are seeing profit booking today, after the gains of the past 5 days. The stock gained over 21% in the past 5 days. At 3:10 p.m. today , 3^rd October, the stock is down by 2.19%, trading at Rs 165.87. Nifty 50 is up by 0.22% at this time.

IHC to acquire 41.2% stake in Sammaan Capital for $1 billion

Sammaan Capital (formerly India Bulls Housing Finance) shares started gaining after reports came that International Holding Company (IHC) is going to invest in the company. Now it has been confirmed that IHC will acquire controlling 41.2% stake in Sammaan Capital. IHC will  get promoter status after this acquisition. IHC will pay around Rs 8,850 crore or $1 billion for buying this stake. It will be issued shares of Sammaan Capital on preferential allotment basis at Rs 139 per share. The purchase will trigger an open offer for purchase of additional 26% stake from public shareholders, as per regulatory requirement. If the 26% open offer gets fully subscribed, then IHC’s stake in Sammaan Capital will rise to over 60%.

IHC is one of the biggest holding companies in the world. This is the first time that IHC is investing in the financial sector in India.

Sammaan Capital’s stock has gained 7.33%, YTD in 2025

Year-to-date (YTD) in 2025, Sammaan Capital’s stock has gained 7.33%. But much of these gains have come in the past 15 days. Year-to-date, Nifty 50 index has gained 4.83%. Sammaan Capital’s stock has outperformed the Nifty 50 index by over 2% this year.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source : NSE