The Reserve Bank of India has greenlit Avenir Investment RSC’s acquisition of a significant stake in Sammaan Capital. This substantial deal, valued at ₹7,700 crore, marks a major Middle Eastern investment in India’s financial services. RBI has imposed specific conditions, including restrictions on deposit-taking and a one-year timeline for share transfer, ensuring regulatory oversight.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets