Sammaan Capital Limited has received all necessary regulatory approvals for the proposed acquisition of a controlling stake by Avenir Investment RSC Ltd, backed by International Holding Company PJSC. With the latest approval from SEBI for the indirect change in control of its asset management, the transaction is now set to move towards closure. The proposed investment, amounting to approximately ₹8,849 crore through a preferential issue of equity shares and warrants, will result in Avenir holding around 41.2% stake initially, which could increase to 63.3% post the open offer, subject to full subscription. The development marks a significant milestone for Sammaan Capital, positioning it for the next phase of growth under new strategic ownership.