Sammaan Capital Limited — Important, 27-01-2025: Updates

The Securities Issuance and Investment Committee of Sammaan Capital Limited has confirmed the closure of its Qualified Institutions Placement (QIP) on January 27, 2025. A total of 8,66,66,666 equity shares were allocated to eligible qualified institutional buyers (QIBs) at an issue price of ₹150 per share, which includes a premium of ₹148 each. This pricing reflects a discount of 0.72% on the floor price. Additionally, the committee adopted the placement document associated with the QIP and approved issuing refund intimations to bidders eligible for refunds. The proceedings from this issuance stand to enhance the company’s financial position, fostering a positive outlook as it strengthens its capital base.