CORPORATE
Abu Dhabi’s IHC to purchase 41% in Sammaan Capital for Rs 8,850 crore
- IBJ Bureau
- Oct 03, 2025
Abu Dhabi-based International Holding Company (IHC), the most valuable holding company in West Asia, has entered into definitive agreements to acquire a controlling 41.2 per cent stake in Sammaan Capital – formerly known as IndiaBulls Housing Finance – for Rs 8,850 crore through its affiliate, Avenir Investment.
The transaction marks IHC’s foray into the financial services sector in India and represents the largest-ever primary capital infusion by an investor in an Indian non-banking financial company.
As a part of the transaction, IHC will invest through a preferential allotment of equity shares and warrants at Rs 139 per share. The transaction will trigger a mandatory open offer for purchase of an additional 26 per cent stake in the company.
Based on the open offer subscription, IHC’s stake after the investment will vary between 41.2 and 63.4 per cent on a fully-diluted basis (including shares to be issued, pursuant to exercise of warrants).
IHC will be classified as the promoter of the company and will have the right to appoint the majority of the board of directors. The transaction is subject to regulatory and statutory approvals and customary closing conditions.
Established in 1999, IHC has become the most valuable holding company in the Middle East and one of the world’s largest investment firms with a market capitalisation of $239.9 billion. It spans over 1,300 subsidiaries, driving growth across industries like asset management, healthcare, real estate, financial services and IT.
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