The Competition Commission of India (CCI) has approved the proposed acquisition of a controlling stake in Sammaan Capital by Avenir Investment RSC Ltd, which is owned and controlled by International Holding Company PJSC. This acquisition is a significant step towards completing the transaction. The only remaining approvals needed are from the Securities and Exchange Board of India and the Reserve Bank of India.
CCI Approval for Acquisition
Sammaan Capital has received approval from the Competition Commission of India (CCI) for the proposed acquisition of a controlling stake by Avenir Investment RSC Ltd. Avenir Investment is owned and controlled by International Holding Company PJSC. This marks a significant milestone in the progression of the proposed transaction.
Remaining Regulatory Approvals
With the CCI approval secured, the transaction is now awaiting final nods from two key regulatory bodies: the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). These approvals are crucial for consummating the proposed acquisition. Sammaan Capital and Avenir Investment are actively working with these regulators to expedite the approval process.
Details of the Transaction
The initial intimation regarding the proposed acquisition was made on October 2, 2025. Avenir Investment seeks to acquire a controlling stake in Sammaan Capital, signaling a major investment in the company’s future. The company anticipates that receiving these remaining regulatory approvals will facilitate the timely completion of the acquisition.
Source: BSE