Sammaan Capital shares hogged the limelight in trade on Tuesday, November 4, as the world’s largest asset manager, BlackRock Inc., raised its stake in the company to above 5% via open market transactions.
According to an exchange filing, BlackRock acquired 3,875,983 shares of Sammaan Capital, representing a 0.47% stake, via the open market on Friday, October 31.
With this transaction, BlackRock Inc.’s stake in the housing finance company jumped to 5.33% or 44,291,365 shares. Prior to the stake purchase, BlackRock owned 40,415,382 shares, representing a 4.86% stake in the company.
More to come…