IHC Becomes Promoter Of Sammaan Capital After Rs 8,850 Crore Strategic Investment
Join Us
Follow Us
International Holding Company PJSC-backed Avenir Investment has acquired promoter status in Sammaan Capital, with shareholding expected to rise to 41.24% upon full warrant conversion
✨ AI Powered Summary
Indian equity benchmark indices traded marginally higher on Friday, with the benchmark Nifty 50 index rising 0.18 per cent to 23,731.40 during the session. Despite the positive broader market sentiment, shares of Sammaan Capital remained under pressure after the company announced a major strategic investment update involving International Holding Company PJSC (IHC). On Friday, Sammaan Capital share price declined 0.73 per cent to Rs 142.08.
IHC Becomes Promoter Of Sammaan Capital
Sammaan Capital informed exchanges that Avenir Investment RSC Ltd, which is owned and controlled by International Holding Company PJSC (IHC), has been classified as a promoter of the company following completion of the investment and open offer process.
The company stated that Sammaan Capital has now formally become an IHC Group company, with IHC emerging as the promoter and controlling shareholder.
Rs 8,850 Crore Strategic Investment
According to the company, the total investment by IHC Group in Sammaan Capital will aggregate to around Rs 8,850 crore upon full exercise and conversion of subscription warrants, making it one of the largest foreign direct investments in the Indian NBFC sector.
Sammaan Capital has already received around Rs 5,652.75 crore towards subscription to equity shares and warrants. The remaining Rs 3,197.25 crore will be payable upon exercise and conversion of the warrants on or before September 30, 2027.
Following completion of the preferential allotment and open offer, IHC currently holds 28.41 per cent stake in Sammaan Capital. Upon full conversion of warrants, the shareholding is expected to increase to around 41.24 per cent on a fully diluted basis.
About Sammaan Capital
Sammaan Capital, formerly known as Indiabulls Housing Finance, operates in the housing finance and lending segment with focus on mortgage finance and retail lending solutions.
The company provides home loans, loans against property and other secured lending products across India. Sammaan Capital continues to focus on strengthening its balance sheet, expanding distribution capabilities and improving long-term financial stability.
Add DSIJ as your preferred news source on G o o g l e
Add NowShare your views on Sammaan Capital and the IHC investment in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.