Abu Dhabi's IHC to Acquire 41.5% Stake in Sammaan Capital for Rs 8,850 Crore

Sammaan Capital Appoints Abu Dhabi-Based IHC as Promoter

On March 31, NBFC Sammaan Capital announced that Abu Dhabi-based International Holding Company (IHC) will become its promoter after acquiring a 41.5% stake through a preferential allotment of equity shares and warrants. This significant development marks a milestone in the company's history and elevates it into a select group of large Upper-Layer NBFCs backed by a multinational conglomerate.

According to an exchange filing, Sammaan Capital has received an initial tranche of Rs 5,652 crore towards the allotment of equity shares and warrants, with an additional Rs 3,198 crore to be received within a period of 18 months upon conversion of the warrants into fully paid equity shares. The investment will be routed through IHC's affiliate Avenir Investment RSC, which plans to increase its stake to 63.3%.

IHC's Investment in Sammaan Capital

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| IHC's Investment in Sammaan Capital | | --- | --- | | Initial Tranche | Rs 5,652 crore | | Additional Amount (within 18 months) | Rs 3,198 crore | | Total Investment | Rs 8,850 crore |

IHC's investment in Sammaan Capital, one of the 15 Upper Layer NBFCs in India, marks a significant milestone, strengthening its position among leading, well-capitalised financial institutions in the country. As a strategic promoter, IHC brings substantial capital, global funding networks, and institutional relationships that will enhance Sammaan Capital's financial flexibility and support its growth ambitions.

Sammaan Capital plans to transition from a pure-play mortgage financier to a diversified NBFC by targeting mid- to low-income borrowers through its expanding pan-India branch network offering products beyond mortgage loans to retail products including secured/unsecured MSME, personal loans, business loans, gold loans, etc. The company will maintain compliance and risk management at the core of its operations and leverage IHC's institutional strength and global ecosystem to support its growth.

Partnership to Drive Growth

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This partnership brings long-term growth capital and deep global capabilities, which will be instrumental in helping Sammaan Capital scale responsibly and reinforce its leadership position in the market. The company has formally welcomed IHC as its promoter and looks forward to leveraging its global network and capabilities to drive growth and expansion.

Syed Basar Shueb, CEO of IHC, said that this milestone marks an important step in the company's long-term strategy to expand in India's financial services sector. Gagan Banga, Managing Director & CEO of Sammaan Capital Limited, expressed his enthusiasm for the partnership and its potential to drive growth and expansion.

On March 30, Sammaan Capital shares closed flat at Rs 148.75. Markets are shut on March 31 for a holiday.