REGULATORY · COMPETITIVE · INDIA
RBI approves acquisition of Sammaan Capital
Change
The Reserve Bank of India approved Avenir Investment RSC's acquisition of a controlling stake in Sammaan Capital Ltd.
Why it matters
RBI approval removes a primary regulatory barrier and permits Avenir's planned equity infusion to gain control of Sammaan Capital. Completion is now contingent on SEBI's final approval, making securities-regulator clearance the binding remaining requirement. RBI also waived the public notice period, reducing procedural delay.
Implications · Who is affected · What to watch
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