Archive · 21 Nov 2025
Sammaan Capital Shares Rebound After Clarification on Supreme Court Proceedings
Sammaan Capital's stock price went up again after the company said the Supreme Court didn't say anything bad about them.
The court asked some officials to check some old claims, but no one found any problems with the company.
The company said it's hopeful that a long-running case will finally be over soon.
Sammaan Capital shares rebounded 4% after a 14% fall in two days
Company issued clarification addressing concerns following Supreme Court proceedings
Supreme Court made no negative observations against the company
No open investigations against the company with any authorities
Company hopeful of final resolution to PIL
- Who
- Sammaan Capital, formerly known as Indiabulls Housing Finance
- What
- Rebounded share price after clarification on Supreme Court proceedings
- When
- November 24, 2025
- Where
- Stock market
- Why
- To address investor concerns following Supreme Court proceedings
Petitioner's View
Sammaan Capital's View
Alleged Irregularities
Petitioner's View
Petitioner alleged irregularities in lending practices and possible quid pro quo involving the former promoter
Sammaan Capital's View
Company clarified that no authority found wrongdoing on its part
Former Promoter's Assets
Petitioner's View
Petitioner claimed former promoter acquired multiple assets in London
Sammaan Capital's View
Company stated that the former promoter has exited the firm and has no dealings with it
- Share Price Change
- Rebounded 4% after a 14% fall in two days
- Supreme Court Observations
- No negative observations against the company
- Open Investigations
- None with any authorities
- PIL Duration
- Over six years
- Former Promoter's Status
- Exited the firm and does not hold any shares since 2023
