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Abu Dhabi’s international investment firm, IHC, stated it has actually participated in an arrangement to invest $ 1 billion (8,850 crore)in Sammaan Capital, for a 41.2 percent stake, marking its entry into the monetary services sector in India.
Sammaan Capital, (previously called Indiabulls Housing Finance), is a noted non-banking monetary business (NBFC) focused mainly on home loan financing. It runs through 220 branches in over 150 towns and cities, with more than 4,430 staff members.
Individually, Sammaan Capital stated it would be providing shares and warrants worth 8,850 crore to IHC, on a preferential basis. It would release 33 crore shares at 139 each and 30.67 crore convertible warrants in 2 tranches.
IHC, which is investing through its affiliate Avenir Investment RSC, would be making an open deal to the investors of Sammaan, after which it would get control and be categorized as a promoter. Based upon the reaction to the open deal IHC’s stake might increase to 63.4 percent.
IHC stated its financial investment highlighted “its conviction in the long-lasting capacity of India’s monetary sector and its dedication to broadening access to capital, speeding up ingenious credit options, and supporting inclusive development.”
“India represents a core tactical market for us, and its long-lasting development principles are engaging,” stated Syed Basar Shueb, CEO of IHC, in the declaration.
“We have actually been impressed by Sammaan Capital’s management in allowing own a home and empowering small companies throughout the nation.” The financial investment in the business “declares our dedication to supporting Sammaan Capital in its next stage of advancement, consisting of the adoption of AI to boost loaning and credit services, and to contributing meaningfully to India’s monetary community,” he included.
The financial investment company stated with a significantly formalised economy and strong regulative oversight from the Reserve Bank of India, NBFCs in India were well placed to advance monetary addition and sustain India’s development momentum.
Sammaan’s CEO and MD, Gagan Banga, stated signing up with the IHC group would open brand-new horizons for it. “A promoter of the calibre of IHC is a video game changer. Its a big convenience to financial obligation suppliers, ranking firms and undoubtedly the quality of financial obligation capital then increases considerably,” he informedbusinessline
“On a longer term basis, it allows a strong governance structure, which is exceptionally essential,” he included.
He stated that with time, Sammaan will get to use IHC’s environment and innovation and would have the ability to broaden its item portfolio in addition to grographical circulation.
“The very first 12 to 18 months, we want to use the operations in the business, make ourselves more effective and from there on, the world is ours,” he included.”end-of-article”Released on October 2, 2025
