IHC to Become Promoter After $1B Sammaan Capital Deal

Global investment firm International Holding Company (IHC) has announced that it has received all necessary regulatory approvals to acquire a 41.5% stake in Sammaan Capital Limited. The deal, valued at approximately $1 billion (₹8,850 crore), marks a major step in IHC’s expansion into India’s financial services sector.

The acquisition is being carried out in multiple phases. So far, IHC has already acquired a 26.9% stake, while the remaining portion will be secured through share warrants, in line with Indian regulatory guidelines.

As part of the transaction, IHC will also launch a mandatory open offer to acquire up to 26% of the expanded share capital from public shareholders, as required under Indian securities laws.

Upon completion of all stages, IHC will be designated as a promoter of Sammaan Capital. This will grant the firm significant control, including the ability to appoint a majority of the company’s board and actively shape its strategic direction.

Sammaan Capital will also become part of IHC’s newly established financial services platform, Judan Financial, aimed at strengthening its footprint in the sector.

Listed on both the Bombay Stock Exchange and the National Stock Exchange of India, Sammaan Capital is one of India’s leading non-banking financial companies (NBFCs), primarily focused on mortgage lending. The company operates over 220 branches across more than 150 cities and employs over 4,400 people, playing a key role in expanding financial access.

This acquisition highlights IHC’s long-term commitment to India, one of the world’s fastest-growing major economies. The NBFC sector in India continues to play a crucial role in bridging the gap between traditional banking services and rising credit demand, particularly in underserved segments.

Commenting on the development, IHC CEO Syed Basar Shueb said the move aligns with the company’s long-term strategy to expand in India’s financial sector. He emphasized opportunities to enhance capabilities, including the adoption of advanced technologies like AI.

Sammaan Capital CEO and Managing Director Gagan Banga described the deal as the beginning of a new growth phase, noting that IHC’s backing will provide both capital strength and strategic alignment to scale operations further.

The investment is expected to strengthen Sammaan Capital’s balance sheet, support expansion, and drive innovation in lending solutions. However, the transaction remains subject to customary closing conditions.