Synopsis: BlackRock Inc has increased its stake in this indian NBFC Ltd through market purchases, taking total holding from 4.86% to 5.33%. Since the shareholding crossed 5%, the fund was required to file a disclosure under SEBI takeover norms.
This company is registered with and regulated by the National Housing Bank (NHB) and is engaged in the business of providing home loans and loans against property is now in the focus after blackrock crosses 5% shareholding in the company.
With market capitalization of Rs. 15,511 cr, the shares of Sammaan Capital Ltd are currently trading at Rs. 187 per share, from its previous close of Rs. 189.93 per share. The stock has delivered 17% in the past month.
News
BlackRock Inc., on behalf of its discretionary management clients, has increased its stake in Sammaan Capital Ltd above the 5% threshold, thereby triggering disclosure under Regulation 29(2) of SEBI Substantial Acquisition of Shares & Takeovers Regulations, 2011.
Before this transaction, BlackRock held 4.04 crore equity shares representing 4.86% of Sammaan Capital’s total voting capital. Post the acquisition of 3,875,983 equity shares (0.47%), its total shareholding has now increased to 4.42 crore shares, which is equivalent to 5.33% of the company’s total paid-up equity capital.
Since the shareholding crossed the 5% mark, mandatory disclosure was required as per the SEBI takeover code. There has been no change in the total equity capital base of the company, which remains at 83.13 crore shares.
About the company
Sammaan Capital Ltd is a financial services / NBFC company engaged in lending, capital markets, credit & investment financing solutions. It focuses on structured finance, alternative credit, MSME/SME lending, wealth platforms and capital advisory, catering to both institutional and retail client segments within India’s growing debt & capital financing space.
FII’s decreased their stake from 24.40% in Q1FY26 to 19.05% in Q2FY26. DII’s significantly increased their holding to 16.83% from 5.96%. Public decreases from 67.72% to 62.22% over the same period.
Sales declined from Rs. 2,400 cr in Q1FY26 to Rs. 2,251 cr in Q2FY26. Operating profit fell to Rs. 436 cr from Rs. 480 cr. Net profit also fell from Rs. 334 cr to Rs. 308 cr over the same period.
The company’s consolidated AUM stood at Rs. 62,928 crore in H1 FY25 vs Rs. 63,569 crore in H1 FY24, while its own book, including legacy, was Rs. 50,151 crore vs Rs. 51,074 crore YoY.
The legacy portfolio continues to decline sharply down to Rs. 30,918 crore in H1 FY25 from Rs. 41,989 crore in H1 FY24 and from Rs. 61,785 crore in FY22, with a target to bring this down further to Rs. 15,500 crore by FY26.
Written by Manideep Appana
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