Abu Dhabi – Mubasher: International Holding Company (IHC) has received all regulatory approvals to acquire approximately 41.50% stake in India-based Sammaan Capital Limited on a fully diluted basis, according to a press release.
The transaction holds a total value of nearly $1 billion, which upon the completion of all stages, IHC will be classified as a Promoter of Sammaan Capital with rights to appoint a majority of the board and play an active role in the company’s strategic direction.
The transaction is being executed in multiple stages, with approximately 26.9% stake acquired to date and the balance to be acquired through share warrants, in accordance with applicable Indian regulations.
In addition, a mandatory tender offer will be undertaken to acquire up to 26% of the company’s expanded share capital from public shareholders, in compliance with Indian securities regulations.
Sammaan Capital now forms part of IHC's newly created financial services investment company Judan Financial, enhancing the IHC’s financial services platform and supporting its growth ambitions in the sector.
The CEO of IHC, Syed Basar Shueb, said: “This milestone marks an important step in our long-term strategy to expand in India’s financial services sector. By becoming a promoter of Sammaan Capital, we are reinforcing our commitment to long-term value creation and supporting a platform that plays a critical role in enabling home ownership and access to credit.”
Shueb noted: “We see significant opportunities to enhance capabilities, including through the adoption of AI, and to contribute meaningfully to India’s financial ecosystem.”
Sammaan Capital is publicly listed on the Bombay Stock Exchange and National Stock Exchange of India, being among the country’s largest non-banking financial companies (NBFC) that is focused primarily on mortgage lending.
Sammaan Capital CEO and Managing Director, Gagan Banga, said: “Welcoming IHC as our promoter brings strong alignment in long-term vision, as well as capital strength to support our next phase of growth.”
The investment’s agreement was unveiled in October 2025, and is expected to strengthen Sammaan Capital’s balance sheet, support its next phase of growth, and enhance its ability to deliver innovative lending solutions across underserved segments.
Meanwhile, conclusion of the stake takeover transaction remains subject to customary closing conditions.
