This Financing Company to Acquire 41.5% Stake, Plans USD Bond Buyback

On Monday, shares of Sammaan Capital Ltd fell 0.27 per cent to Rs 148.75 per share from its previous closing of Rs 148.35 per share. The stock’s 52-week high is Rs 192.95 per share and its 52-week low is Rs 97.61 per share. On Monday, shares of the company closed at Rs 148.75. During the session, the stock surged nearly 2 per cent to its Intraday high of Rs 151.31 per share.

Sammaan Capital Ltd has informed exchanges under Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that a meeting of its Securities and Investment Committee is scheduled on April 7, 2026, to consider and approve the buyback of USD denominated bonds, subject to regulatory approvals and applicable terms.

In a major development, Sammaan Capital announced that International Holding Company PJSC (IHC), Abu Dhabi, through its affiliate Avenir Investment RSC Ltd, will acquire a 41.5 per cent stake in the company via preferential allotment of equity shares and warrants. With this, IHC will be classified as the Promoter and assume strategic control of the company.

The company has already received an initial tranche of Rs 5,652 crore (approximately USD 600 million), with an additional Rs 3,198 crore (approximately USD 338 million) expected within 18 months upon conversion of warrants. An open offer at Rs 139 per share has also been announced, which could increase IHC’s stake to 63.3 per cent, subject to full subscription.

This investment marks a significant milestone for Sammaan Capital, placing it among a select group of Upper Layer NBFCs backed by a global conglomerate. IHC’s backing is expected to enhance the company’s capital position, global funding access, and institutional relationships.

As part of IHC’s global financial services strategy, Sammaan Capital will become a key entity under Judan Financial, a UAE-based platform managing over USD 235 billion (around Rs 22.4 lakh crore) across banking, fintech, and asset management operations in more than 13 countries.

Sammaan Capital aims to leverage IHC’s strong financial position and the UAE’s AA sovereign credit rating to improve its own credit profile. The company has also streamlined its legacy loan book and is now focused on building a unified, high-quality retail-focused portfolio.

Going forward, the company plans to transition from a pure-play mortgage lender to a diversified NBFC, expanding into MSME loans, personal loans, business loans, and gold loans. It aims to be among the top 3 NBFCs in India by assets under management by FY2029, with strong return ratios.

The company has outlined aggressive growth targets, including expanding its product offerings from 4 to over 15, increasing its branch network from over 200 to 1,500, and scaling its customer base from 1.4 million to nearly 50 million by FY2029.

IHC’s CEO Syed Basar Shueb stated that the investment aligns with its long-term strategy to expand in India’s financial services sector, with a focus on innovation and AI-led capabilities. Sammaan Capital’s MD and CEO Gagan Banga highlighted that the partnership will strengthen governance, compliance, and risk management while enabling scalable growth.

The company has a market cap of over Rs 12,326.42 crore. The stock price has surged over 32.90 per cent in last 1 year. The stock has delivered over 52.40 per cent returns from its 52-week low of Rs 97.61 per share.

Disclaimer: The article is for informational purposes only and not investment advice.