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There was a sharp fall in the shares of Sammaan Capital on December 17, due to which there was increased turmoil in the market. The reason for this was the news of registration of a new FIR by the Economic Offenses Wing of Delhi Police in a case related to former promoters. Amidst the instructions of the Supreme Court, this matter seems to be a matter of concern for investors.
New Delhi. Sharp fluctuations were seen in the shares of Mumbai-based NBFC company Sammaan Capital on December 17. During the day’s trading, the company’s shares fell by about 7 percent from their high level. This decline came after the news that the Economic Offenses Wing of Delhi Police has registered a new FIR in the case related to the former promoters of the company. After this development, caution increased among investors and pressure on the stock was clearly visible.
Pressure on shares after new FIR
According to the report, this new FIR has been registered as part of the already ongoing investigation by the Economic Offenses Wing of Delhi Police. The direct impact of this news was visible in the stock market and shares of Sammaan Capital slipped from the day’s high of Rs 153.2 to Rs 142.5. Around 2:40 pm the shares were trading down by about 3 percent. Market experts believe that news related to legal matters often affects investor sentiment, which immediately impacts share prices.
Instructions to Supreme Court and CBI
The matter has reached the Supreme Court. On December 17, the Supreme Court directed the Central Bureau of Investigation (CBI) to take a final decision on registering an FIR in this case within a week. Along with this, the Supreme Court has asked CBI to collect necessary documents from ministries and agencies. These include the Ministry of Corporate Affairs, SEBI and Enforcement Directorate. Now the next hearing of this case is likely to be in the second week of January 2026, on which the market is also keeping an eye.
Allegations, petition and company’s side
This case is related to an appeal filed against an old order of Delhi High Court. In February 2024, the High Court had rejected a petition, in which irregularities were alleged in the lending process of Sammaan Capital. In the petition, questions were raised on the alleged transactions between the five borrower groups and the then promoter. On behalf of the company, the senior lawyer has clarified that Sammaan Capital is a listed company, on which there is no investigation or outstanding case pending from any regulatory body. The company says that even in the current petition, no direct allegations have been made against it.
Shares fall 7 percent
