E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. News/Views

Indiabulls Housing Finance Ltd Renamed As Sammaan Capital Ltd

Indiabulls Housing Finance Ltd Renamed As Sammaan Capital Ltd

BY Realty Plus
Published - Friday, 05 Jul, 2024
Indiabulls Housing Finance Ltd Renamed As Sammaan Capital Ltd

Indiabulls Housing Finance Ltd’s name has been changed to Sammaan Capital Ltd, following its transformation into a board-run and diversely-held financial institution, from being a promoter-led and promoter-driven lender.

“With the receipt of Certificate of Incorporation issued by the Registrar of Companies [RoC], and receipt from the RBI of new Certificate of Registration1 [CoR] as an NBFC-ICC [Non-Banking Financial Company – Investment and Credit Company], the Company’s name stands changed from ‘Indiabulls Housing Finance Limited’ to ‘Sammaan Capital Limited’,” Sammaan Capital said in a regulatory filing.

It will shortly submit requisite applications with the exchanges for effecting change of name and trading in the shares of the company in its new name and a new symbol.

The company informed that Clause I [that is Name Clause] of the Memorandum of Association of the Company stands altered accordingly and the name ‘Indiabulls Housing Finance Limited’ wherever it appears in the Memorandum of Association and the Articles of Association, gets replaced with the new name ‘Sammaan Capital Limited’.

“In 2020, the erstwhile promoter (Sameer Gehlaut) relinquished his position as chairman of the board, and S.S. Mundra, ex-Deputy Governor of the RBI, took over as the [Independent, non-executive] Chairman. New independent directors with depth of experience in areas relevant to the business were inducted.

“In parallel, the erstwhile promoter pared his stake, and following his de-promoterisation by the stock exchanges in February 2023, completely sold all his holdings and today does not hold a single share in the company,” per the regulatory filing.

The board now exercises effective oversight over all aspects of the company’s operations through various board-constituted sub-committees, with key committees helmed by independent directors, it added.

Sammaan Capital business will continue to be retail-focused, built on two loan products -- affordable home loans and mortgage-backed loans to micro, medium and small businesses. It will pursue AUM growth in an asset-light model, working as an origination-engine to source loans in co-lending and sell-down partnerships with banks and financial institutions.

RELATED STORY VIEW MORE

Foundamental Launches Third Construction-Tech Fund, Doubling Down on India
How Rs 500 Maintenance Fees Power Local Jobs in Urban Housing Societies
Coimbatore Airport’s New Terminal to Be Four Times Bigger, Transforming Travel in the City

TOP STORY VIEW MORE

A CITY BUILT ON BUDDHIST VALUES

The only Carbon Negative country in the world, Bhutan is building Gelephu Mindfulness City (GMC) based on Bhutanese model of modern development.

17 September, 2025

IS GIFT CITY INDIA’S NEW INVESTMENT MAGNET?

17 September, 2025

SHOULD YOU INVEST IN CHENNAI REAL ESTATE?

17 September, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website