Sammaan Capital Becomes an IHC Group Company, Securing USD 1 Billion Investment
Mumbai, March 31, 2026 - Sammaan Capital today announced that International Holding Company PJSC (IHC), through its affiliate Avenir Investment RSC LTD ('Avenir'), will become the Promoter of Sammaan Capital Ltd. ('Company'), acquiring a 41.5% stake via a preferential allotment of equity shares and warrants. IHC, one of the world's largest investment companies and the most valuable listed holding company in the Middle East, will classify the investment as part of its newly established global financial services platform, Judan Financial.Sammaan Capital has received an initial tranche of INR 5,652 crores (USD ~600 million) towards the allotment of equity shares and warrants, with an additional INR 3,198 crores (USD ~338 million) to be received within 18 months upon conversion of the warrants into fully paid equity shares. Following the completion of an open offer within 30 days, IHC, through Avenir, will hold a 63.3% stake in Sammaan Capital.
IHC's investment, which totals USD 1 billion (INR 8,850 crore), will enhance Sammaan Capital's financial flexibility and support its growth ambitions. The company will leverage IHC's capital, global funding networks, and institutional relationships.
| Particulars | FY 2026 | FY 2029 |
|---|---|---|
| Loan Products | 4 | 15+ |
| Branch Network | 200+ | 1,500+ |
| Potential Customers | 1.4 million | ~50 million |
| Team Strength | 4,000+ | 10,000+ |
Sammaan Capital aspires to be in the top 3 NBFCs in India in terms of Assets Under Management ('AUM'), achieving best in class Return on Assets ('RoA') and Return on Equity ('RoE') by FY 2029. The company intends to transition to a diversified NBFC targeting mid to low-income borrowers through an expanding pan-India branch network.
Syed Basar Shueb, CEO of IHC, stated that the investment reinforces IHC's commitment to long-term value creation in India's financial services sector. Gagan Banga, Managing Director & CEO of Sammaan Capital Limited, welcomed IHC as its Promoter, noting its potential to scale the platform and deliver value to stakeholders.
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