Sammaan Capital Limited has informed the Exchange about Classification of Avenir Investment RSC Ltd , which is owned and controlled by International Holding Company PJSC, as promoter and appointment of Mr. Alwyn Dinesh Crasta as an Additional Non-Executive Non-Independent Director.For details refer attachment.
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International Holding Company PJSC (IHC), through its entity Avenir Investment RSC Ltd, has completed an open offer on May 14, 2026, and formally acquired control of Sammaan Capital Limited. Avenir is now classified as the promoter of the company. IHC is a UAE-based global investment company with approximately USD 232 billion market capitalisation and USD 117 billion in total assets. As part of the promoter appointment, Mr. Alwyn Dinesh Crasta, Group CFO of IHC, has been appointed as an Additional Non-Executive Non-Independent Director on the Board effective May 15, 2026, for a term of 5 years, subject to shareholder approval and RBI clearance. The company highlights benefits including capital depth, operational expertise, improved brand perception, stronger corporate governance, and technology/AI ecosystem access from IHC's portfolio.
The completion of the open offer and promoter classification marks Sammaan Capital as an IHC Group Company, bringing enhanced credibility and financial backing. The appointment of IHC's Group CFO to the board signals strong promoter involvement and alignment with the new controlling shareholder's strategy.