Ahmedabad, March 31, 2026: Sammaan Capital today announced that IHC, one of the world’s largest investment companies and the most valuable listed holding company in the Middle East (ADX: IHC, market cap. USD ~232 bn, INR ~22.0 lakh crore), through its affiliate, Avenir Investment RSC LTD (“Avenir”), will become the Promoter of Sammaan Capital Ltd. (“Company”), acquiring 41.5% stake via a preferential allotment of equity shares and warrants in the Company.

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 a period of 18 months upon conversion of the warrants into fully paid equity shares.

In accordance with applicable guidelines, Avenir shall work on concluding the open offer within 30 days, which was announced at INR 139 per fully paid equity share of Sammaan Capital. Upon completion of the open offer, and assuming full uptake in the open offer, IHC, through Avenir will hold 63.3% stake in Sammaan Capital.

IHC’s investment in Sammaan Capital, one of the 15 Upper Layer NBFCs in India, marks a significant milestone, elevating it into a select group of large Upper-Layer NBFCs backed by a multinational conglomerate and strengthening its position among leading, well-capitalized financial institutions in the country. 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.

As an IHC Group company, Sammaan Capital will look to leverage the strong AA sovereign credit rating of the United Arab Emirates to strengthen its domestic and international credit ratings.

For several years, Sammaan Capital has distinguished between its legacy book — exposures inherited from an earlier era, not aligned with its forward-looking retail-focused direction — and its growth book, built on the new franchise. In the build-up to this transformative partnership, the Company has taken proactive enabling steps to address and resolve these legacy exposures, ensuring that from hereon we work from, and build on, one unified, high- quality loan book. Sammaan Capital enters this new chapter from a position of structural strength, with full capacity and intent to grow.

With a stronger capital base, an upgraded credit profile, and deeper access to diversified funding at competitive pricing, Sammaan Capital aspires to be in the top 3 NBFCs in India in terms of AUM (“Assets Under Management”), achieving best in class Return on Assets (“RoA”) and Return  on  Equity (“RoE”),  by FY 2029.

Sammaan Capital shall transition from a pureplay mortgage financier to a diversified NBFC by targeting mid to low- income borrowers through its expanding pan India branch network offering products going beyond mortgage loans to retail products including secured/unsecured MSME, personal loans, business loans, gold loans, etc.

This shall be achieved by keeping compliance and risk management at the core of the company’s operations. IHC’s institutional strength and global ecosystem will further support Sammaan Capital with enhanced digital and AI capabilities, as well as high standards of governance aligned with global best practices. Central to this growth strategy is refreshing and strengthening our proven management team – which successfully executed India’s largest deleveraging over the past 7 years – to enable sustainable, high-quality expansion.

Business growth targets that Sammaan Capital has set out for itself are:

With IHC as its parent company, Sammaan Capital is well poised to becoming one of the largest financial services enterprises in India, thereby contributing to the Viksit Bharat mission as outlined by  our Hon’ble Prime Minister Shri Narendra  Modi.

JUDAN FINANCIAL: As part of IHC’s broader global financial services strategy, IHC has established a dedicated subsidiary, Judan Financial, which manages over INR ~22.4 lakhs crores (USD 235 billion). Judan aims to bring together its banking, fintech, and asset management interests across more than 13 countries. Sammaan Capital will be consolidated as a core investment under Judan Financial within the IHC group. Sammaan Capital will not only anchor Judan’s presence in India but also have access to its asset management experience enabling it to create a large India focused alternate/private credit platform, forming a key pillar of this integrated international structure. Built as an AI-enabled platform, UAE-based Judan Financial is positioned as a leading diversified global financial services investment   platform.

Syed Basar Shueb, CEO of IHC, said, “This milestone marks an important step in our long-term strategy to expand in India’s financial services sector. By becoming a promoter of Sammaan Capital, we are reinforcing our commitment to long-term value creation and supporting a platform that plays a critical role in enabling home ownership and access to credit. We see significant opportunities to enhance capabilities, including through the adoption of AI, and to contribute meaningfully to India’s financial ecosystem.”

Mr. 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. Having an institution of IHC’s standing as our parent company provides a strong foundation for the future — one that extends well beyond financial backing. IHC brings in highest standard of world class governance practices, compliance and risk management framework, which we shall implement.

Our growth strategy will operate with the foremost philosophy of ‘customer first’. We will be committed to responsible lending practices by staying connected to communities and ensuring that we make a positive difference towards the society for every loan that we disburse. Over next few years, investments in people and digital landscape, especially artificial intelligence, shall be augmented on priority.”

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)