Sammaan Capital Shares Dip 12% as Supreme Court Orders Fresh Probe into Previous Promoter's Alleged Irregularities

Overview

Sammaan Capital, previously known as Indiabulls Housing Finance, announced it has no objection to the Supreme Court's order for investigative agencies to conduct a new probe into alleged irregularities by its former promoter. The company's shares fell significantly, closing 12% lower on the BSE. The court directed agencies like CBI and SEBI to look into allegations raised by an NGO, clarifying that past closures would not be an impediment.