Sammaan Capital Clears Regulatory Hurdle for Sammaan Finserve Demerger

Sammaan Capital Ltd has received crucial regulatory approvals from the BSE and NSE for its planned demerger of Sammaan Finserve Limited's NBFC business. The Bombay Stock Exchange (BSE) issued a 'no adverse observation' letter on April 21, 2026, followed by the National Stock Exchange (NSE) granting a 'no objection' on April 22, 2026.

These approvals are vital steps in the company's corporate restructuring. They allow Sammaan Capital to proceed with filing the scheme of arrangement with the National Company Law Tribunal (NCLT). The exchange approvals are valid for six months.

The demerger aims to streamline operations by consolidating Sammaan Finserve's NBFC business under Sammaan Capital. This move is part of the company's strategy to comply with evolving regulatory norms and enhance operational efficiency. Sammaan Finserve is expected to surrender its NBFC license following the demerger.

Sammaan Capital, previously known as Indiabulls Housing Finance Limited (IBHFL), rebranded and transitioned from a Housing Finance Company to an NBFC-Investment and Credit Company in June 2024. It is now backed by the UAE-based International Holding Company (IHC), which has become its promoter. Earlier, Sammaan Finserve had sold its legacy loan book to Sammaan Capital as part of restructuring efforts. The board had approved this demerger scheme on December 31, 2025.

With exchange approvals in hand, Sammaan Capital will now file the scheme with the NCLT. Once the NCLT approves, Sammaan Finserve will surrender its NBFC license, and its demerged NBFC business will be integrated into Sammaan Capital.

The company must complete the process and file with the NCLT within the six-month validity period of the exchange approvals. The exchanges also noted they reserve the right to withdraw their approvals if any information is found to be incomplete, incorrect, or misleading.

Sammaan Capital is a significant player in India's NBFC sector, ranking 21st by Assets Under Management (AUM) with ₹62,346 crore as of 2026. It competes in a sector with major firms like Bajaj Finance Ltd. and Shriram Finance Ltd.

As of March 31, 2025, Sammaan Capital reported a balance sheet size of ₹0.70 trillion.

Investors will track the NCLT approval process, any conditions attached, and the successful integration of the consolidated NBFC operations.