Divestment22 Apr 2026, 06:21 pm
Sammaan Capital gets BSE/NSE nod for SFL lending biz demerger
AI Summary
Sammaan Capital Ltd (SCL) has received 'no adverse observations' from BSE and 'no objection' from NSE for its proposed Scheme of Arrangement. This scheme involves the demerger of the 'Lending business' from Sammaan Finserve Limited (SFL) to SCL. The regulatory approvals are a key step towards implementing the demerger, which will now proceed to the National Company Law Tribunal (NCLT) for further approvals. The observation letters include specific comments from SEBI regarding disclosures and compliance requirements for the scheme.
Key Highlights
- BSE and NSE have issued 'no adverse observations'/'no objection' for the demerger scheme.
- The scheme involves demerging Sammaan Finserve's lending business to Sammaan Capital.
- Regulatory approvals are crucial for proceeding to NCLT for final sanction.
- SEBI has provided specific compliance and disclosure guidelines for the scheme.