Sammaan Capital has announced a significant investment from International Holding Company PJSC (IHC), Abu Dhabi, through its affiliate Avenir Investment RSC Ltd. The investment, amounting to ₹5,652 crores, marks IHC’s acquisition of a 41.5% stake in Sammaan Capital through a preferential allotment of equity shares and warrants.
The transaction positions IHC as the Promoter of Sammaan Capital, granting it strategic control and long-term stewardship of the company. An additional ₹3,198 crores is expected within 18 months upon conversion of the warrants into fully paid equity shares. This development is part of IHC’s broader strategy to expand its financial services in India under its new global platform, Judan Financial.
Sammaan Capital, one of India’s 15 Upper Layer NBFCs, aims to leverage IHC’s substantial capital and global networks to enhance its financial flexibility and support its growth ambitions. The company is set to conclude an open offer at ₹139 per fully paid equity share within 30 days, potentially increasing IHC’s stake to 63.3%.
The partnership with IHC is expected to elevate Sammaan Capital into a select group of large Upper-Layer NBFCs backed by a multinational conglomerate. The company plans to transition from a pureplay mortgage financier to a diversified NBFC, targeting mid to low-income borrowers with a range of products, including MSME, personal, business, and gold loans.
Sammaan Capital aims to be among the top three NBFCs in India by FY 2029 in terms of Assets Under Management (AUM), achieving best-in-class Return on Assets (RoA) and Return on Equity (RoE). The company plans to expand its branch network to over 1,500 locations and increase its customer base to approximately 50 million.
IHC’s CEO, Syed Basar Shueb, emphasised the strategic importance of this investment, highlighting the potential to enhance capabilities through AI adoption and contribute to India’s financial ecosystem. Gagan Banga, Managing Director & CEO of Sammaan Capital, welcomed IHC’s role as a Promoter, noting the partnership’s potential to scale operations responsibly and reinforce market leadership.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).