Trade

Watchlist

Portfolio

Message

Set Alert

live

bse live

nse live

Volume Todays L/H More ×

NBFC Sammaan Capital shares fell 5% on October 3 to snap their six-day gaining streak after the company approved Rs 8,850-crore preferential issue to Global investment company International Holding Co (IHC) at Rs 139 per share.

The investment has been carried out through IHC's affiliate Avenir Investment RSC, which will be subscribing to 330 million equity shares and 306.7 million convertible warrants at Rs 139 each. This will also trigger an open offer as per the regulatory guidelines, to acquire an additional 26%.

At 9:55 am on October 3, Sammaan Capital shares were trading 4.1% lower at Rs 162.59 apiece.

Analysts told CNBC Awaaz that the stock's book value is likely

See Full Page