Sammaan Capital Limited received 'no adverse observations' from BSE and 'no objection' from NSE for its demerger scheme with Sammaan Finserve Limited.
The scheme involves demerging SFL's lending business into SCL under Sections 230-232 of Companies Act, 2013.
Stock exchanges issued compliance requirements including disclosure of enforcement actions and NCLT petition filing within six months.
The approval enables both companies to proceed with filing the scheme before NCLT for final approval.