IHC to invest USD 1 billion in Sammaan Capital Limited

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  • IHC to invest USD 1 billion in Sammaan Capital Limited

    • International Holding Company (“IHC”), a leading Abu-Dhabi based global investment company (ADX: IHC; market cap. ~US$240 billion, ~INR 21.3 lakh crore), has entered into definitive agreements to acquire controlling stake in Sammaan Capital through its affiliate, Avenir Investment RSC LTD
    • IHC will invest INR 8,850Cr to acquire a 41.2% stake on a fully diluted basis via preferential allotment of equity shares & warrants
    • Transaction will trigger a mandatory open offer for purchase of additional 26.0% of the Company at a price of INR 139.0 per share
    • IHC will be classified as the Promoter of Sammaan Capital post the investment
    • IHC will have the right to appoint the majority of the Board of Directors for Sammaan Capital
    • Transaction is subject to customary closing conditions and receipt of necessary approvals from relevant authorities
    • Syed Basar Shueb, CEO of IHC, commented: “India represents a core strategic market for us, and its long-term growth fundamentals are compelling. We have been impressed by Sammaan Capital’s leadership in enabling home ownership and empowering small businesses across the country. This USD 1 billion investment reaffirms our commitment to supporting Sammaan Capital in its next phase of development, including the adoption of AI to enhance lending and credit solutions, and to contributing meaningfully to India’s financial ecosystem.”
    • Mr. Gagan Banga, Managing Director and CEO of Sammaan Capital, said “Sammaan Capital’s journey has been defined by resilience, adaptability, and an unwavering commitment to creating stakeholder value. We are proud to join the IHC family and contribute to its expansive global vision. Under IHC’s parentage, we will continue to focus on providing affordable housing finance and mid-market mortgage solutions to our customers, leveraging IHC’s strong technology capabilities. The alignment of aspirations between IHC and Sammaan Capital is deeply encouraging, and we are confident that our experienced and dynamic leadership will propel the next phase of growth with renewed energy and purpose.” This USD 1 billion investment strengthens IHC’s global portfolio and reinforces its presence in one of the world’s most dynamic financial markets. 

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