BlackRock, Inc. has increased its shareholding in Sammaan Capital Ltd to 5.33%, marking a significant investment in India's financial services sector.

Target Company Overview

BlackRock, Inc., acting on behalf of its discretionary management clients, has increased its stake in Sammaan Capital Ltd, surpassing 5%. This movement triggered a disclosure requirement under Regulation 29(2) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011. According to a filing made on November 4, 2025, BlackRock's strategic acquisition underscores its interest in the Indian financial sector.

Shareholding Details

Prior to this recent acquisition, BlackRock possessed 4,04,15,382 equity shares in Sammaan Capital, constituting 4.86% of the company's total share capital. Following the acquisition of an additional 38,75,983 shares on October 31, 2025, BlackRock's total holdings increased to 4,42,91,365 shares, now representing 5.33% of the paid-up equity share capital. This acquisition was conducted through on-market transactions and did not alter the company's total voting capital, which remains fixed at 83,13,83,143 shares.

Industry Overview: Financial Services in India

The Indian financial services industry is witnessing significant growth, buoyed by favorable regulatory conditions and increasing investor confidence. With ongoing reforms and the growing penetration of financial products, institutions