Sammaan Capital Ltd

We have pursuant to the intimations dated May 11 2021 and September 10 2021 (collectively the Intimations) informed the exchanges about the divestment by the Company of its entire stake in mutual fund business being carried out by Indiabulls Asset Management Company Limited (IAMCL) and Indiabulls Trustee Company Limited trustee of IAMCL (ITCL) to Nextbillion Technology Private Limited part of the Groww group at an aggregate purchase consideration of INR 175.62 crores (including cash and cash equivalents of INR 100.62 crores) (the Transaction). In furtherance to the Intimations please note that the Company has received all necessary approvals in relation to the Transaction. Further the closing date for the Transaction is May 3 2023 (the Closing Date); and the Company does not have any control or shareholding in IAMCL and ITCL subsequent to the Closing Date.For details refer attachment.