StockWaves
  • Home
  • Global Markets
    Global MarketsShow More
    The extra Apple inventory falls, the extra tempting it appears to be like!
    The extra Apple inventory falls, the extra tempting it appears to be like!
    4 Min Read
    Byrna Applied sciences Q2 2025 Earnings Preview (NASDAQ:BYRN)
    Byrna Applied sciences Q2 2025 Earnings Preview (NASDAQ:BYRN)
    0 Min Read
    Nvidia hits  trillion market cap, first firm to take action
    Nvidia hits $4 trillion market cap, first firm to take action
    2 Min Read
    IonQ proclaims public providing of widespread inventory and warrants on NYSE
    IonQ proclaims public providing of widespread inventory and warrants on NYSE
    0 Min Read
    ‘Britain’s Warren Buffett’ is betting on these AI shares… however for a way lengthy?
    ‘Britain’s Warren Buffett’ is betting on these AI shares… however for a way lengthy?
    5 Min Read
  • Investment Strategies
    Investment StrategiesShow More
    Samco MF brings in Pankit Shah as Chief Enterprise Officer
    Samco MF brings in Pankit Shah as Chief Enterprise Officer
    0 Min Read
    How Bandhan Small Cap's daring technique is delivering alpha
    How Bandhan Small Cap's daring technique is delivering alpha
    0 Min Read
    Vedanta shares tumble almost 4% on high-stakes Viceroy blow
    Vedanta shares tumble almost 4% on high-stakes Viceroy blow
    0 Min Read
    Journey Meals Providers IPO Day 3: Subscription stays muted
    Journey Meals Providers IPO Day 3: Subscription stays muted
    0 Min Read
    Crizac debuts with a 15% pop. However can the rally maintain?
    Crizac debuts with a 15% pop. However can the rally maintain?
    0 Min Read
  • Market Analysis
    Market AnalysisShow More
    'We’re not as defensive as we had been two months again'
    'We’re not as defensive as we had been two months again'
    0 Min Read
    TCS Q1 Earnings Preview: One other quarter of muted revenue progress on playing cards? 5 key issues to look at
    TCS Q1 Earnings Preview: One other quarter of muted revenue progress on playing cards? 5 key issues to look at
    6 Min Read
    Will 77% Indian households retire poorer than they need to?
    Will 77% Indian households retire poorer than they need to?
    0 Min Read
    Prime Gainers and Losers on July 09: Union Financial institution of India, Hindustan Copper, Vedanta, Siemens, GAIL amongst prime losers
    Prime Gainers and Losers on July 09: Union Financial institution of India, Hindustan Copper, Vedanta, Siemens, GAIL amongst prime losers
    6 Min Read
    Reliance Jio IPO pushed again. Right here's why it's not dangerous information
    Reliance Jio IPO pushed again. Right here's why it's not dangerous information
    0 Min Read
  • Trading
    TradingShow More
    Here is How A lot 00 Invested In Guidewire Software program 10 Years In the past Would Be Value Immediately – Guidewire Software program (NYSE:GWRE)
    Here is How A lot $1000 Invested In Guidewire Software program 10 Years In the past Would Be Value Immediately – Guidewire Software program (NYSE:GWRE)
    1 Min Read
    SoundHoud AI Inventory Jumps Amid AI Push, However This Technical Indicator Alerts Slowdown And Reversal In Rally – Invesco QQQ Belief, Sequence 1 (NASDAQ:QQQ), SoundHound AI (NASDAQ:SOUN)
    SoundHoud AI Inventory Jumps Amid AI Push, However This Technical Indicator Alerts Slowdown And Reversal In Rally – Invesco QQQ Belief, Sequence 1 (NASDAQ:QQQ), SoundHound AI (NASDAQ:SOUN)
    4 Min Read
    Polymarket Bettors See 50% Likelihood Of Fed September Charge Cuts As Trump Turns Up Warmth On Powell
    Polymarket Bettors See 50% Likelihood Of Fed September Charge Cuts As Trump Turns Up Warmth On Powell
    3 Min Read
    Gary Black Thinks Uber Is ‘Greatest Positioned’ To Undertake Autonomous Driving As ‘Price Of The Driver Is Eradicated’ – Uber Applied sciences (NYSE:UBER)
    Gary Black Thinks Uber Is ‘Greatest Positioned’ To Undertake Autonomous Driving As ‘Price Of The Driver Is Eradicated’ – Uber Applied sciences (NYSE:UBER)
    2 Min Read
    Grove Collaborative Surges 21% After-Hours After Investor Pushes For Firm Sale – Grove Collaborative Hldgs (NYSE:GROV)
    Grove Collaborative Surges 21% After-Hours After Investor Pushes For Firm Sale – Grove Collaborative Hldgs (NYSE:GROV)
    3 Min Read
Reading: Sammaan Capital raises $150 million via QIP; Capital Group, Marshall Wace and BlackRock prime traders
Share
Font ResizerAa
StockWavesStockWaves
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Search
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Follow US
2024 © StockWaves.in. All Rights Reserved.
StockWaves > Financial News > Sammaan Capital raises $150 million via QIP; Capital Group, Marshall Wace and BlackRock prime traders
Financial News

Sammaan Capital raises $150 million via QIP; Capital Group, Marshall Wace and BlackRock prime traders

StockWaves By StockWaves Last updated: January 27, 2025 3 Min Read
Sammaan Capital raises 0 million via QIP; Capital Group, Marshall Wace and BlackRock prime traders
SHARE



US-based funding agency Capital Group, London-based hedge fund Marshall Wace, and BlackRock, the world’s largest asset supervisor, emerged as key traders within the lately concluded certified institutional placement (QIP) of mortgage lender Sammaan Capital, bankers concerned within the transaction instructed ET.

The Mumbai-based housing finance firm, previously often known as Indiabulls Housing Finance, efficiently raised $150 million, or Rs 1,300 crore, via the QIP. The problem was oversubscribed greater than twice, receiving bids amounting to $315 million, mentioned bankers.

Following the allocation of the QIP shares, Capital Group will maintain about 5% of the corporate. The highest 5 institutional traders—Capital Group, Plutus, LIC, Vanguard, and Marshall Wace—now collectively maintain round 21% of the corporate, changing the erstwhile promoter, Sameer Gehlaut, who beforehand held a 21% stake.

Sameer Gehlaut has fully exited his holdings within the firm, which has since rebranded itself as Sammaan Capital.

The corporate on Monday issued shares to eligible certified institutional consumers on the concern value of Rs 150 per share. The corporate’s shares fell 7.5% to shut at Rs 143.25 on Monday.

Shares of Sammaan Capital have gained 6% during the last six months, outperforming the Nifty index, which has declined by 6% throughout the identical interval.Together with a rights concern of Rs 3,700 crore in 2024, Sammaan Capital has raised Rs 5,000 crore in fairness during the last 12 months. Following a interval of consolidation, the corporate is now again on a progress trajectory and specializing in growth.Sammaan Capital is primarily targeted on the inexpensive housing phase. In FY23, India’s residential property market boomed with the worth of house gross sales reaching an all-time excessive of Rs. 3.47 lakh crore (US$ 42 billion), marking a strong 48% YoY enhance. The quantity of gross sales additionally exhibited a robust progress trajectory, with a 36% rise to 379,095 items offered. Actual property sector in India is predicted to succeed in $ 1 trillion in market measurement by 2030, up from $ 200 billion in 2021 and contribute 13% to the nation’s GDP by 2025.

The housing sector is experiencing secular progress throughout all value ranges, and consultants are unanimous that this marks the start of robust and sustained demand within the sector. Key components propelling this progress embrace a big, present housing scarcity; a younger and increasing workforce; rising urbanization; nuclearization of households; a quickly rising financial system, and rising incomes, all of which proceed to help the demand for housing in India.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Previous Article The Inventory That is Making Waves: Akero Therapeutics (AKRO)  The Inventory That is Making Waves: Akero Therapeutics (AKRO) 
Next Article VBot Redefines Solana Token Launches with Smarter Quantity Boosting VBot Redefines Solana Token Launches with Smarter Quantity Boosting
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow

Subscribe Now

Subscribe to our newsletter to get our newest articles instantly!

Most Popular
Trump Media Recordsdata For Crypto ETF To Embody XRP, SOL, CRO
Trump Media Recordsdata For Crypto ETF To Embody XRP, SOL, CRO
July 9, 2025
Delhi Rains: Air India, IndiGo and SpiceJet say flights might get affected; IGI airport points advisory for passengers
Delhi Rains: Air India, IndiGo and SpiceJet say flights might get affected; IGI airport points advisory for passengers
July 9, 2025
The extra Apple inventory falls, the extra tempting it appears to be like!
The extra Apple inventory falls, the extra tempting it appears to be like!
July 9, 2025
Samco MF brings in Pankit Shah as Chief Enterprise Officer
Samco MF brings in Pankit Shah as Chief Enterprise Officer
July 9, 2025
'We’re not as defensive as we had been two months again'
'We’re not as defensive as we had been two months again'
July 9, 2025

You Might Also Like

BSE Shareholding Sample March 2025: Key modifications and high stakeholders to observe
Financial News

BSE Shareholding Sample March 2025: Key modifications and high stakeholders to observe

5 Min Read
5 Smallcap shares with excessive DII holdings of as much as 60% so as to add to your watchlist
Financial News

5 Smallcap shares with excessive DII holdings of as much as 60% so as to add to your watchlist

5 Min Read
Finances increase for earnings! 3 the explanation why double-digit Nifty EPS development is feasible in FY26
Financial News

Finances increase for earnings! 3 the explanation why double-digit Nifty EPS development is feasible in FY26

3 Min Read
Who’s Main India’s Two-Wheeler Market in June 2025? Test the Particulars
Financial News

Who’s Main India’s Two-Wheeler Market in June 2025? Test the Particulars

5 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

StockWaves

We provide tips, tricks, and advice for improving websites and doing better search.

Latest News

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service

Resouce

  • Blockchain
  • Business
  • Economics
  • Financial News
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading

Trending

Trump Media Recordsdata For Crypto ETF To Embody XRP, SOL, CRO
Delhi Rains: Air India, IndiGo and SpiceJet say flights might get affected; IGI airport points advisory for passengers
The extra Apple inventory falls, the extra tempting it appears to be like!

2024 © StockWaves.in. All Rights Reserved.

Welcome Back!

Sign in to your account

Not a member? Sign Up