Sammaan Capital Ltd

IHC, one of the world's largest investment companies and the most valuable listed holding company in the Middle East with a market cap approximately $32 bn, (Rs 22 lakh crore). Through its affiliate, Avenir, IHC will acquire a 41.5% stake in Sammaan Capital via a preferential allotment of equity shares and warrants for a total transaction value of $1 billion (Rs 8,850 crore). Sammaan Capital has already received an initial tranche of Rs 5,652 crore ($600 million) towards the allotment, while the remaining Rs 3,198 crore (around $338 million) will be received within 18 months upon conversion of warrants into equity shares. Additionally, a mandatory open offer will be launched to acquire up to 26% of the company's expanded share capital from public shareholders, in compliance with Indian securities regulations. Sammaan Capital aims to become one of the top three NBFCs in India in terms of assets under management (AUM) by FY2029, while achieving best-in-class return on assets (RoA) and return on equity (RoE). The company also plans to become a diversified NBFC by focusing on mid- to low-income borrowers through its expanding pan-India branch network and by offering products beyond mortgage loans, including secured and unsecured MSME loans, personal loans, business loans and gold loans. As part of its FY29 roadmap, the company plans to expand its product portfolio to over 15 loan products, increase its branch network to more than 1,500, grow its customer base beyond 50 million and expand its workforce to over 10,000 employees. Sammaan Capital will now form part of IHC's newly created financial services investment platform, Judan Financial, which aims to strengthen the group's presence across banking, insurance, asset and wealth management, capital markets, NBFCs and financial technology. Upon completion of the transaction, IHC will be classified as a promoter and will have the right to appoint a majority of the board, enabling it to play an active role in the company's strategic direction. As a strategic promoter, IHC brings substantial capital, global funding networks and institutional relationships that will meaningfully enhance Sammaan Capital's financial flexibility and support its growth ambitions. Gagan Banga, managing director & CEO of Sammaan Capital Limited, said: We formally welcome IHC as our Promoter. This partnership brings long-term, growth capital and deep global capabilities ' both of which will be instrumental in helping us scale responsibly and reinforce our leadership position in the market. Sammaan Capital (formerly known as Indiabulls Housing Finance) is engaged in the housing finance and mortgage-backed lending business. On a consolidated basis, Sammaan Capital's net profit rose 3.85% to Rs 314.08 crore while total income increased 6.87% to Rs 2,157.87 crore in Q3 December 2025 over Q3 December 2024. The scrip shed 0.03% to Rs 149.55 on the BSE.

The board of Sammaan Capital will meet on 07 April 2026 to consider and approve buyback of the USD denominated bonds, subject to applicable laws, regulatory approvals, and terms of the respective issue documents. Powered by Capital Market - Live

Sammaan Capital announced that  all regulatory approvals have now been received with respect to the proposed acquisition of controlling stake in Sammaan Capital by Avenir Investment RSC (Investor), which is owned and controlled by International Holding Company PJSC (proposed transaction). The Company and the Investor are now engaged to conclude the proposed transaction at the earliest. Pursuant to the proposed transaction, the Investor proposes to invest an aggregate amount of approximately Rs 8,849.99 crore by way of the preferential issue. Upon completion of the preferential issue, the Investor shall hold approximately 41.2% of the paid-up equity share capital of the Company. Further, upon completion of the preferential issue and the open offer, and assuming full uptake in the open offer, the Investor shall hold approximately 63.3% of the paid-up equity share capital of the Company. Powered by Capital Market - Live

The approval allows the investor, owned by International Holding Company PJSC, to proceed with an investment of approximately Rs 8,850 crore through a preferential issue. Upon completion, Avenir Investment is expected to hold around 41.23% stake in the company, which could rise to 63.36% following an open offer, subject to full subscription. The central bank has also granted a waiver for the public notice period and approved the indirect change of control of Sammaan Finserve, a wholly-owned subsidiary of the company. The transaction now awaits final approval from the Securities and Exchange Board of India, with both the company and the investor engaging with the regulator for an early clearance. Once completed, the deal is expected to significantly alter the ownership structure of Sammaan Capital, strengthening its capital base and growth outlook. Sammaan Capital (formerly known as Indiabulls Housing Finance) is engaged in the housing finance and mortgage-backed lending business. On a consolidated basis, Sammaan Capital's net profit rose 3.85% to Rs 314.08 crore while total income increased 6.87% to Rs 2,157.87 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

Sammaan Capital has on 05 March 2026 allotted (i) 12,500 secured, rated, listed, redeemable, non-convertible debenture of the face value of Rs 1,00,000 each aggregating to Rs 125 crore (reissuance) and (ii) 15,500 secured, rated, listed, redeemable, non-convertible debenture of the face value of Rs 1,00,000 each aggregating to Rs 155 crore (fresh issue), on a private placement basis. Powered by Capital Market - Live

Sammaan Capital has today i.e. on 26 February 2026, allotted 7,000 secured, rated, listed, redeemable, non-convertible debenture of the face value of Rs 1,00,000 each aggregating to Rs 70 crore on a private placement basisPowered by Capital Market - Live

Net profit of Sammaan Capital rose 3.85% to Rs 314.08 crore in the quarter ended December 2025 as against Rs 302.44 crore during the previous quarter ended December 2024. Sales rose 6.99% to Rs 2157.54 crore in the quarter ended December 2025 as against Rs 2016.52 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales2157.542016.52 7 OPM %87.9580.73 - PBDT440.19436.92 1 PBT419.07417.25 0 NP314.08302.44 4 Powered by Capital Market - Live

Sammaan Capital will hold a meeting of the Board of Directors of the Company on 4 February 2026.Powered by Capital Market - Live

Sammaan Capital has allotted 11,500 secured, rated, listed, redeemable, non-convertible debenture of face value of Rs 1 lakh each aggregating to Rs 115 crore on a private placement basis on 16 January 2026. Powered by Capital Market - Live

Sammaan Capital announced that the Competition Commission of India has approved the proposed acquisition of controlling stake in the company by Avenir Investment RSC (Investor), which is owned and controlled by International Holding Company PJSC (Proposed Transaction). The only regulatory approvals pending for consummation of the Proposed Transaction are from (a) the Securities and Exchange Board of India for the Open Offer by the Investor and other related approvals and (b) the Reserve Bank of India, for which the Company and the Investor are in active engagement with the respective regulators to ensure expeditious receipt of the approvals, towards timely completion of the Proposed Transaction.Powered by Capital Market - Live