New Delhi, March 25 -- Shares of Sammaan Capital jumped 11% in Wednesday's trading session after the central bank's nod to Abu Dhabi-based International Holding Company (IHC) for picking a majority stake in the non-banking finance company (NBFC).

Samaan Capital share price opened at Rs.144.93 today, as compared to the previous close of Rs.138.51 on Tuesday. It soon extended gains and rallied as much as 10.76% to Rs.153.42 apiece.

The company, in an exchange filing, announced that the Reserve Bank of India (RBI) gave its approval for Avenir Investment RSC, a subsidiary of IHC, to acquire a 66.65% stake in Sammaan Capital.

Sammaan Capital said Avenir intends to invest Rs.8,850 crore via a preferential issue.

"We wish to inform that the ...