Sammaan Capital , formerly known as Indiabulls Housing Finance Limited, has seen a significant increase in stake by Plutus Wealth Management LLP. The firm acquired 2.66 crore shares, representing a 3.2% stake in the company, through a series of open market transactions.

Stake Acquisition Details

The recent acquisition has increased Plutus Wealth Management's total holding in Sammaan Capital to 4.84 crore shares, accounting for 5.84% of the company's voting capital. This substantial increase in ownership underscores the firm's growing interest in Sammaan Capital.

Concert Party and Total Holding

Plutus Wealth Management is acting in concert with Junomoneta Finsol Private Limited, which holds an additional 0.58% of Sammaan Capital's shares. Together, their combined stake in the company stands at 6.42%, representing a significant minority interest.

Non-Promoter Status

Despite the sizeable stake, Plutus Wealth Management does not belong to the promoter group of Sammaan Capital. This distinction is crucial for understanding the nature of the investment and its potential implications for the company's governance structure.

Company Overview

Sammaan Capital operates in the financial services sector. The company has a total voting capital of 82,93,74,234 equity shares, as disclosed in the regulatory filings.

Regulatory Compliance

In compliance with the Securities and Exchange Board of India (SEBI) regulations, Plutus Wealth Management has filed the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transparency ensures that all stakeholders are informed about significant changes in the company's ownership structure.

Market Implications

Significant investments by institutional investors often signal confidence in a company's prospects. Market analysts will likely be watching closely to see if this move by Plutus Wealth Management leads to any changes in Sammaan Capital's strategic direction or performance.

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, has announced the appointment of Himanshu Mody as its new Deputy CEO, effective September 4, 2025. This strategic move brings a seasoned financial expert with a proven track record of corporate turnarounds to the company's leadership team.

A Wealth of Experience

Himanshu Mody joins Sammaan Capital with an impressive 26-year career in corporate finance, having held key positions at renowned companies such as Barclays, Essel Group, Bennett Coleman, and most recently, Suzlon Group. His extensive experience spans various sectors, demonstrating versatility and adaptability in complex financial environments.

Remarkable Achievements at Suzlon

Mody's appointment comes on the heels of his successful tenure as Group CFO at Suzlon Group, India's largest renewable energy solutions provider. During his four-year stint, he orchestrated a remarkable financial turnaround that resulted in:

• A 22-fold increase in Suzlon's market capitalization, reaching approximately Rs. 1.00 lakh crore
• Restructuring of debt, leading to a zero-debt status for the company
• Successful equity and debt fundraising initiatives
• Securing Rs. 7,000.00 crores in working capital facilities
• Improving the company's credit rating from D to A-
• Achieving a positive net worth of Rs. 4,500.00 crores
• Maintaining a cash balance of Rs. 2,000.00 crores

Recognition and Expertise

Mody's exceptional performance at Suzlon earned him recognition as the Turnaround CFO of 2024 by both Economic Times and CII. His expertise extends across various finance functions, including:

• Strategic planning
• Mergers and acquisitions
• Capital raising
• Debt restructuring
• Operational leadership

Educational Background

Himanshu Mody holds a Masters in Science and Finance from the University of Strathclyde, Glasgow, providing him with a strong academic foundation in addition to his extensive practical experience.

Impact on Sammaan Capital

The appointment of Himanshu Mody as Deputy CEO signals Sammaan Capital's commitment to growth and attracting top-tier talent. His proven capabilities in capital raising and operational leadership are expected to serve as catalysts for the company's future growth and financial stability.

Amit Jain, Company Secretary of Sammaan Capital Limited, confirmed the appointment in a regulatory filing, emphasizing the company's focus on strengthening its leadership team to drive future success.

As Sammaan Capital Limited embarks on this new chapter with Himanshu Mody at the helm of its operations, stakeholders will be keenly watching to see how his expertise and track record in financial turnarounds will shape the company's strategic direction and financial performance in the coming years.