Sammaan Capital Limited announced the allotment of 8,68,92,966 fully paid-up equity shares to Avenir Investment RSC Ltd, the promoter. This issuance is a result of the promoter exercising their right to convert Tranche I Warrants, following a payment of INR 905.85 crore. The shares were issued at an issue price of INR 139 per equity share. This conversion has increased the promoter’s shareholding from 28.34% to 33.32%, and their potential shareholding could rise to 43.28% upon full conversion of remaining warrants.
Sammaan Capital Completes Warrant Conversion
Sammaan Capital Limited has officially completed the conversion of warrants into equity shares, a significant move that impacts its capital structure and promoter ownership. On October 30, 2026, the company’s Securities Issuance and Investment Committee approved the allotment of 8,68,92,966 fully paid-up equity shares to Avenir Investment RSC Ltd, identified as the Promoter.
Key Transaction Details
This allotment stems from the promoter exercising their right to convert Tranche I Warrants into an equivalent number of fully paid-up equity shares of the Company. Avenir Investment RSC Ltd has remitted the balance consideration of INR 905,85,91,705.50, representing 75% of the subscription amount for these warrants. The shares were issued at an issue price of INR 139 per equity share, a preferential issue on a private placement basis.
Impact on Shareholding and Capital
Following this allotment, the promoter’s shareholding in Sammaan Capital has increased from 28.34% to 33.32% of the total equity shares. The company also noted that the promoter holds 21,97,97,569 warrants, termed “Remaining Warrants,” which can be exercised within 18 months from the allotment date, potentially raising the promoter’s stake to 43.28% if all are converted. Concurrently, the company’s paid-up equity share capital has seen an increase, now standing at INR 2,49,88,92,046.71, divided into a larger number of equity shares.
Equity Share Details
The newly issued equity shares rank pari passu with existing shares and will be listed on both the BSE Limited and the National Stock Exchange of India Limited. The company’s total paid-up equity share capital now comprises 1,24,84,36,597 fully paid-up equity shares with a face value of INR 2 each, alongside 30,13,213 partly paid-up equity shares with a face value of INR 2 each (INR 0.67 paid-up).
Source: BSE
