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Abu Dhabi’s IHC to buy 43.5% stake in Sammaan Capital
Mint Mumbai
|October 03, 2025
International Holding Co. (IHC) is set to acquire a controlling 43.5% stake in Sammaan Capital Ltd (formerly Indiabulls Housing Finance) for ₹8,850 crore, marking Abu Dhabi-based investor's entry into India's financial services sector.
Sammaan Capital MD and CEO Gagan Banga.
The investment, through IHC’s Avenir Investment RSC Ltd, will include a preferential allotment of 330 million equity shares worth around ₹4,587 crore, and 300 million warrants worth ₹4,262 crore at ₹139 per share. That's a discount to Wednesday's closing price of ₹168.55 on the NSE— Thursday was a market holiday on account of Dussehra.
IHC will be classified as the promoter and will have the right to appoint the majority of the directors on the board, subject to the regulator’s approval.
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