Sammaan Capital Limited has informed the Exchange regarding a press release dated March 31, 2026, titled "Sammaan Capital, India s Largest Multinational NBFC, Becomesan IHC Group Company and Embarks on a New Phase of Growth".
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International Holding Company (IHC), Abu Dhabi, through its affiliate Avenir Investment RSC Ltd, is acquiring a 41.5% stake in Sammaan Capital for about USD 1 billion (INR 8,850 crores) via preferential allotment of equity shares and warrants, and will be classified as the new Promoter with strategic control. Sammaan Capital has already received an initial tranche of INR 5,652 crores, with an additional INR 3,198 crores to follow within 18 months as warrants convert into equity. A mandatory open offer at INR 139 per share for up to 26% from public shareholders will be launched within 30 days; assuming full uptake, IHC's total stake could rise to 63.3%. Sammaan Capital will anchor IHC's new financial services platform, Judan Financial (managing USD 235 billion), with the company targeting top-3 NBFC status by AUM by FY2029 through diversification into MSME, personal, business, and gold loans beyond its core mortgage book. IHC brings global funding networks, UAE sovereign AA credit rating support for potential domestic rating upgrade, and access to AI and governance capabilities.
Strongly positive for shareholders: a deep-pocketed multinational promoter with a USD 232 billion market cap provides long-term capital, funding access, and potential credit rating support, while the INR 139/share open offer price sets a clear floor for retail holders. Existing shareholders should watch for any dilution from warrant conversions and the mandatory tender offer, but the overall narrative points to balance sheet strengthening and a potential re-rating of the stock.