Sammaan Capital Ltd’s shares slumped sharply on Wednesday after the Supreme Court reportedly delivered stinging criticism against multiple investigative agencies for what it described as a 'friendly approach' in the probe into alleged financial irregularities and suspected money laundering involving the company, formerly known as Indiabulls Housing Finance Ltd. Sammaan Capital closed at ₹159.75 on the BSE, down 12.47% and nearly 19% below its 52-week high of ₹192.90. During a hearing packed with pointed observations, a bench of justice Surya Kant, justice Ujjal Bhuyan and justice NK Singh questioned central bureau of investigation (CBI), the Union ministry of corporate affairs (MCA), and market regulator Securities and Exchange Board of India (SEBI) for their slow, inconsistent and '
Sammaan Capital Shares Plunge Over 12% as SC Criticises Slow, ‘Friendly’ Investigations by Multiple Agencies
Moneylife1 hrs ago
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