Sammaan Capital Limited — Others, 12-12-2024: Shareholders meeting

Sammaan Capital Limited has announced a board meeting on January 3, 2025, to hold an Extraordinary General Meeting (EGM) for shareholders. At the meeting, the company will seek approval for raising capital through the issuance of equity shares via qualified institutional placements, totaling up to ₹2,500 Crore, with shares priced not below ₹150. This move positions the company to enhance liquidity for home loan and MSME LAP disbursals, crucial as the housing sector enters a robust growth phase. Investor sentiment may shift positively, as the capital raise is expected to strengthen the balance sheet and reduce funding costs, paving the way for substantial growth in the upcoming years.