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Smallcap counter Sammaan Capital - which was in news today after the Reserve Bank of India (RBI) cleared decks for Abu Dhabi-based International Holding Company (IHC) to acquire a controlling stake - witnessed a bulk deal where French multinational bank Societe Generale bought shares worth Rs 76 crore. In another major deal, ace investor Mukul Agrawal sold shares worth Rs 8 crore in a microcap Siyaram Recycling Industries, which had fallen 72%.Sammaan CapitalSociete Generale bought 50.6 lakh shares in Sammaan Capital at a price of Rs 149.92 per share. It was a premium of 8% over the Tuesday closing price of Rs 138.51 on the NSE. Today, its shares settled nearly 6% higher at Rs 146.30.The stock has been a market outperformer with 23% returns over a 1-year period and is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 145 and Rs 144, respectively, according to Trendlyne data. The acquisition of a 66.65% controlling stake will be made via Avenir Investment RSC, which is owned and controlled by IHC.Avenir Investment RSC proposed to invest nearly Rs 8,850 crore by the way of preferential issue. This is one of the largest investments by a Middle Eastern entity in India's financial services sector.After the completion of the preferential issue, Avenir Investment will hold nearly a 41.23% stake in the company, while the rest will be acquired through an open offer, Sammaan Capital, formerly called Indiabulls Housing Finance, said in an exchange filing. Siyaram Recycling IndustriesMukul Agrawal sold 21 lakh shares via a separate bulk deal where the buyer was Param Value Investments. The shares were purchased at a price of Rs 38.20 apiece, a 4.3% premium over the Tuesday closing price of Rs 36.64.Today, its shares settled at Rs 38.28, up by Rs 1.64 or 4.5% over the last closing price.Agrawal held 22 lakh shares representing 10.10% stake in the company according the September shareholding data on the BSE.The stock price has seen a 72% erosion in the past year.(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

Yaounde: The war in the Middle East could cause the "worst industrial crisis in living memory", the head of the International Chamber of Commerce warned Wednesday."The head of the International Energy Agency has warned that the world is facing an energy crisis more severe than the oil shocks of the 1970s," said John Denton.Also Read: In Iran war, cheap drones remain wild card"From a business perspective, we believe this could yet become the worst industrial crisis in living memory -- not only because of surging energy prices, but because industrial production itself is being disrupted and dislocated by shortages of gas and other essential inputs".Also Read: 'Gone too far,' most Americans say on Iran attacksDenton was speaking on the eve of the meeting of World Trade Organization ministers in Yaounde.