Sammaan Capital Ltd. Authorizes INR 2,500 Crores Fundraising Through QIPs

Sammaan Capital Ltd. announced its decision to raise funds up to INR 2,500 Crores through one or more Qualified Institutions Placements (QIPs). The decision was made at the Board of Directors meeting held on December 11, 2024. The funds will be raised in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013, and subject to necessary approvals. An extraordinary general meeting will be held on January 3, 2025, through Video Conferencing or Other Audit Visual means for shareholder approval.