Synopsis: The Competition Commission of India has approved Abu Dhabi-based International Holding Company’s $1 billion bid to acquire a 43.46% stake in Sammaan Capital. Here’s what this news means for investors.

A leading non-banking financial company has secured a crucial regulatory approval that paves the way for significant foreign investment. The Competition Commission of India has greenlit Abu Dhabi-based International Holding Company’s ambitious proposal to acquire a Major stake worth $1 billion in this NBFC, marking a landmark cross-border deal in India’s financial sector.

Sammaan Capital Limited’ s stock, with a market capitalisation of Rs. 11,912 crores, rose to Rs. 147.39, hitting a high of up to 4.09 percent from its previous closing price of Rs. 141.59. However, the stock ov

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