IHC Makes Its Biggest Splash yet in India's Financial Sector with ₹8,850 Crore Sammaan Capital Deal

IHC makes its biggest splash yet in India's financial sector with ₹8,850 crore Sammaan Capital deal

The transaction will trigger a mandatory open offer for an additional 26% stake, increasing IHC's holding in Sammaan Capital to up to 63.4% on a fully diluted basis.

Abu Dhabi's IHC to pick 43% stake in Sammaan Capital for USD 1 billion

Abu Dhabi-based Avenir Investment RSC, an affiliate of International Holding Company, has agreed to acquire a 43.46 per cent stake in Sammaan Capital for USD 1 billion through preferential share issuance. This significant primary capital infusion marks IHC's entry into India's financial services, aiming to fuel Sammaan Capital's growth and improve its financial standing.

Abu Dhabi Royal’s IHC Buys $1 Billion Stake in India Shadow Bank

Abu Dhabi’s largest listed company has agreed to acquire a significant stake in India’s Sammaan Capital Ltd. for about $1 billion, signaling foreign investors’ continued interest in the South Asian nation’s financial services sector.

IHC to Acquire 43.5% Stake in Sammaan Capital with ₹8,850 Crore Investment, Triggering Open Offer - Elite Wealth Ltd

Abu Dhabi’s International Holding Company (IHC) has announced a landmark investment of nearly $1 billion (₹8,850 crore) into Sammaan Capital Limited (formerly Indiabulls Housing Finance), marking one of the largest primary capital infusions by a single investor into India’s non-banking financial sector (NBFC). The investment, through IHC’s subsidiary Avenir Investment RSC Ltd, will give the Abu Dhabi-based conglomerate a 43.46% stake in Sammaan …

Abu Dhabi's IHC to pick 43 pc stake in Sammaan Capital for USD 1 bn

Mumbai, Oct 2 (PTI) Abu Dhabi-based investor Avenir Investment RSC, an affiliate of International Holding Company, has agreed to purchase a 43.46 per cent stake in Sammaan Capital for USD 1 billion, the non-bank lender said on Thursday.The lender, formerly known as Indiabulls Housing Finance, will be raising the capital by issuing preferential shares to Avenir after getting requisite approvals, as per an exchange filing.IHC will foray into the f…

Abu Dhabi's IHC to buy 43.5% stake in India's Sammaan Capital for nearly $1bln

The NBFC said it will issue 330 million shares and 306.7 million convertible warrants to Avenir Investment RSC, an affiliate of IHC, at 139 rupees each