Sammaan Capital

Last updated
Sammaan Capital
Company typePrivate
NSE:  SAMMAANCAP
BSE:  535789
IndustryFinancial services
Founded2005
Headquarters
Gurgaon, Haryana
,
India
Key people
ProductsMicrofinance, Affordable housing loans, SME loans
Website www.sammaancapital.com

Sammaan Capital Ltd, formerly Indiabulls Housing Finance Ltd, [2] is an Indian financial services company. Incorporated in 2005, it is registered with and regulated by National Housing Bank (NHB). It is engaged in the business of providing home loans and loan against property. It also provides corporate mortgage loan - lease rental discounting and residential construction finance.

Contents

History

In 2013, Indiabulls Financial Services Ltd completed a reverse merger with its wholly-owned subsidiary Indiabulls Housing Finance Ltd, thereby consolidating the housing finance business as the flagship entity of the group. [3]

In November 2015, Indiabulls Housing Finance acquired a 39.76% stake in OakNorth Bank for $100 million. [4]

On 5 April 2019, the board of Indiabulls Housing Finance approved a merger with the private sector bank Lakshmi Vilas Bank (LVB), with the consolidated entity to be called Indiabulls Lakshmi Vilas Bank. [5] [6] However, the Reserve Bank of India rejected the proposed merger on 9 October 2019. [7]

In 2024, Indiabulls Housing Finance Limited officially rebranded itself as Sammaan Capital Limited, following receipt of approvals from the Registrar of Companies and the Reserve Bank of India. [8] [9] [10]

Businesses

References

  1. ↑ https://www.sammaancapital.com/management-team
  2. ↑ "Indiabulls Housing Finance's name changed to Sammaan Capital". BusinessLine. 4 July 2024. Retrieved 11 July 2025.
  3. ↑ "Indiabulls Financial Services completes reverse merger". Business Standard. 9 March 2013. Retrieved 2 August 2023.
  4. ↑ "Indiabulls Housing Finance to acquire 39.76% in UK Bank". BusinessLine. 11 November 2015. Retrieved 11 July 2025.
  5. ↑ Saha, Manojit (5 April 2019). "Lakshmi Vilas finds a new home in Indiabulls". The Hindu. Retrieved 6 April 2019.
  6. ↑ "Lakshmi Vilas Bank to merge with Indiabulls Housing Finance". thehindubusinessline. Retrieved 6 April 2019.
  7. ↑ "RBI turns down Indiabulls Housing's merger with Lakshmi Vilas Bank". The Economic Times. 10 October 2019. Retrieved 11 July 2025.
  8. ↑ Babar, Kailash (2024-07-03). "Indiabulls Housing Finance rebrands itself, name changed to Sammaan Capital". The Economic Times. ISSN   0013-0389 . Retrieved 2025-01-08.
  9. ↑ https://www.sammaancapital.com/media/pdf/scl_ex_intimation_un_condensed_fs31122024_26801.pdf
  10. ↑ https://nsearchives.nseindia.com/content/circulars/CML63024.pdf
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