New Delhi, Nov. 21 -- Shares of Sammaan Capital, formerly Indiabulls Housing Finance Limited, saw its stock rebound almost 4% after the company issued a detailed clarification addressing concerns arising from media reports about Supreme Court proceedings held on November 19.

In its media statement, Sammaan Capital clarified that the Supreme Court made no negative observations against the company. The court also explicitly stated, "we have not expressed any opinion against Sammaan Capital Limited. It added that the court has not directed any FIR to be registered against it. Instead, the bench has asked senior officials to examine the allegations raised in the petition and file a joint affidavit before the next hearing.

"There are no open...