NCLT OKs merging Sammaan Finserve's NBFC business into Sammaan Capital
This story was originally published at 17:06 IST on 13 June 2026
Register to read our real-time news.Informist, Saturday, Jun. 13, 2026
--Sammaan Cap: NCLT OKs merging Sammaan Finserve's NBFC business into co
NEW DELHI – The National Company Law Tribunal Friday allowed a first motion application on the scheme of arrangement between Sammaan Capital Ltd. and Sammaan Finserve Ltd., the former said in an an exchange filing. The scheme relates to the demerger of Finserve's non-banking finance company business and merging it into the parent entity, Sammaan Capital.
In its order, the tribunal directed Sammaan Capital to convene a meeting of its equity shareholders to approve the scheme. The NCLT also dispensed with a shareholder meeting of Sammaan Finserve and a meeting of the secured and unsecured creditors of both the companies, as the petitioners had asked.
"The company would be filing an application with the NCLT seeking certain clarifications/modifications with respect to the above order," Sammaan Capital said in the filing.
The proposed scheme of arrangement had been floated by the listed entity on Dec. 31 to consolidate the NBFC business into a single company. The strategic move would rationalise costs and ensure better allocation of capital, the scheme said. Sammaan Capital posted a consolidated net loss of INR 81.01 billion in the March quarter, led by a one-time expense of INR 65 billion. Its shares ended 3.8% higher at INR 174.42 apiece on the National Stock Exchange on Friday. End
Reported by Aaryan Khanna
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
