Capital Group of US buys 5% in Sammaan Cap for 479cr

US asset management giant Capital Group has acquired a 5% stake in Sammaan Capital through a Rs 1,300 crore Qualified Institutional Placement (QIP) round. Along with other prominent investors like BlackRock and Marshall Wace, Capital Group's Smallcap World Fund's investment signifies a significant institutional presence in the Indian mortgage financing company.

Jan 28, 2025 2

Capital Group of US buys 5% in Sammaan Cap for 479cr
US asset management giant Capital Group has acquired a 5% stake in Sammaan Capital through a Rs 1,300 crore Qualified Institutional Placement (QIP) round. Along with other prominent investors like BlackRock and Marshall Wace, Capital Group's Smallcap World Fund's investment signifies a significant institutional presence in the Indian mortgage financing company.
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