IHC, a global investment company, has received all requisite regulatory approvals to acquire approximately 41.5 percent stake in Sammaan Capital Limited on a fully diluted basis, for a total transaction value of approximately $1 billion (INR 8,850 crore).
The deal is being executed in multiple stages, with about 26.9 percent already acquired and the remaining stake to be secured through share warrants in line with Indian regulations. In addition, a mandatory tender offer will be launched to acquire up to 26 percent of the company’s expanded share capital from public shareholders, in compliance with Indian securities regulations.
Upon completion of all stages, IHC will be classified as a Promoter of Sammaan Capital, gaining the right to appoint a majority of the board and actively participate in the company’s strategic direction.
Sammaan Capital will also become part of IHC’s newly established financial services investment platform, Judan Financial, strengthening the group’s presence in the financial services sector and supporting its growth ambitions.
Sammaan Capital Limited, which is publicly listed on the Bombay Stock Exchange and the National Stock Exchange of India, is one of India’s largest non-banking financial companies (NBFCs), primarily focused on mortgage lending. The company operates a network of 220 branches across more than 150 towns and cities and employs over 4,430 people, contributing to financial inclusion and economic growth in India.
The transaction represents a key milestone in IHC’s expansion strategy in India, highlighting its long-term investment commitment and partnership-driven approach in high-growth markets.
Syed Basar Shueb CEO – IHC
“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. We see significant opportunities to enhance capabilities, including through the adoption of AI, and to contribute meaningfully to India’s financial ecosystem.”
Gagan Banga, CEO and Managing Director of Sammaan Capital Limited, commented that, “We are entering a new chapter for Sammaan Capital. Welcoming IHC as our promoter brings strong alignment in long-term vision, as well as capital strength to support our next phase of growth. We are confident that this partnership will enable us to further scale our platform, deepen our reach, and continue delivering value to our customers and stakeholders.”
India continues to be one of the fastest-growing major economies globally, with the NBFC sector playing a crucial role in addressing gaps between traditional banking services and rising credit demand. With increasing economic formalization and strong regulatory oversight from the Reserve Bank of India, NBFCs are positioned to drive financial inclusion and support sustained economic growth.
The investment is expected to bolster Sammaan Capital’s balance sheet, support its next phase of expansion, and enhance its capacity to deliver innovative lending solutions to underserved segments. Completion of the transaction remains subject to customary closing conditions.
