Sammaan Capital Allots Shares Worth ₹905.86 Crore To Promoter Avenir Investment

Key numbers

Market Cap	₹13,554.21 CrCap size
Post-Issue Stake	33.32%Promoter holding
P/E TTM	-1.87Sector 19.05
Deal value	₹905.86 Cr
Share of market cap	6.7%
Share of annual revenue	12.2%

Key highlights

• Allotment of 8,68,92,966 equity shares at an issue price of ₹139 per share
• Promoter Avenir Investment RSC Ltd paid balance consideration of ₹905.86 crore
• Promoter equity stake increased from 28.34% to 33.32% post-allotment
• Avenir continues to hold 21,97,97,569 outstanding warrants for future conversion
• Warrant conversion value represents 6.7% of the company current market capitalization

Conversion Of Tranche I Warrants Boosts Capital

Sammaan Capital completed the allotment of 8.68 crore equity shares on October 30, 2026, marking a significant step in its capital raising strategy. This issuance stems from the conversion of Tranche I Warrants originally allotted on March 31, 2026. The promoter, Avenir Investment RSC Ltd, which is an affiliate of the International Holding Company, exercised its conversion rights by paying the remaining 75% of the subscription amount.

This payment of ₹905.86 crore follows an initial 25% deposit made at the time of the warrant issuance. The new shares rank pari passu with existing equity and will be listed on both BSE and NSE.

Promoter Stake Dynamics And Future Dilution

• Promoter shareholding in Sammaan Capital increased from 28.34% to 33.32% following this allotment
• Avenir Investment RSC Ltd still holds 21,97,97,569 outstanding warrants for future conversion
• Remaining warrants can be exercised until their expiry on September 30, 2027
• Full conversion of remaining warrants would lift the promoter stake to 43.28% of equity
• The allotment was approved by the Securities Issuance and Investment Committee on October 30, 2026

Financial Recovery and Disbursement Guidance

This capital infusion arrives as Sammaan Capital manages a recovery in its financial metrics. While the company reported an annual net loss of ₹7,144.56 crore, recent quarterly data shows a 103% growth in net profit compared to the previous quarter, reaching ₹243.3 crore for the period ended June 30, 2026. The firm recently reported Q2 FY27 loan disbursements of ₹6,000 crore, contributing to total Assets Under Management exceeding ₹59,000 crore as of September 30, 2026.

Management has provided guidance for total FY27 disbursements of ₹30,000 crore, supported by a recent board approval to raise up to ₹25,000 crore through debentures.

What to watch next

• National Company Law Tribunal hearing for the Scheme of Arrangement on November 1, 2026
• Possible exercise of remaining 21.97 crore warrants by the promoter before September 30, 2027
• Execution of the ₹30,000 crore loan disbursement guidance for the full financial year 2027

Sammaan Capital · financial snapshot

Share price	₹116.59
Market capitalisation	₹13,554.21 Cr
Revenue (annual)	₹8,166.16 Cr
Net profit (annual)	-₹7,144.56 Cr
Revenue (latest quarter)	₹1,651.93 Cr+21.67% vs previous quarter
Net profit (latest quarter)	₹243.30 Cr+103.00% vs previous quarter
P/E (TTM)	-1.87×Sector 19.05×
Promoter holding	28.34%0.00% QoQ
FII holding	21.34%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.