Sammaan in loss as impairments surge in 4th quarter

Synopsis

Sammaan Capital, formerly Indiabulls Housing Finance, reported a significant loss of ₹8,101 crore for the March quarter. Revenue from operations declined while impairments on financial assets surged. The company has completed a transaction with Abu Dhabi's IHC Group, which now holds a substantial equity stake. Sammaan Capital received substantial funds from this transaction.

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