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.
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. What's Your Reaction?
