IHC to Acquire Controlling Stake in Sammaan Capital Limited: Shares Fell Over 5%

On October 3, 2025, Sammaan Capital shares fell over 5% in early trade reacting to news of a significant investment deal with Abu Dhabi-based International Holding Company (IHC). This fall in Sammaan Capital share came after surging nearly 25% over the past 6 trading sessions.

In a regulatory filing late, the company announced that IHC, one of the UAE’s largest investment firms, has signed a definitive agreement to acquire a controlling stake in Sammaan Capital. This move marks IHC’s first major foray into India’s financial services sector.

To formalise the investment, Sammaan Capital has scheduled an Extraordinary General Meeting (EGM) on October 29 to seek shareholder approval for the preferential allotment and amend its Articles of Association. Upon completion, IHC will also gain the right to appoint a majority of the board, solidifying its influence over the company’s strategic direction.

Sammaan Capital – IHC Deal Highlights

IHC will invest ₹8,850 crore (approx. $1 billion) through its affiliate, Avenir Investment RSC Ltd., to acquire a 41.2% controlling stake in Sammaan Capital. This will trigger a mandatory open offer for an additional 26% stake, potentially increasing IHC’s total holding to up to 63.4% on a fully diluted basis.

The capital infusion will be made through a combination of:

• A preferential allotment of 33 crore equity shares worth ₹4,587 crore
• Issuance of 39 crore convertible warrants valued at ₹4,262 crore

The securities will be issued at ₹139 per share, representing a 17% discount to Wednesday’s closing price.

The warrant issuance will be executed in two tranches:

• Tranche 1: 8.68 crore warrants, to be exercised within 26 weeks post-open offer
• Tranche 2: 22 crore warrants, exercisable within 18 months of the first tranche allotment.

Also Read: PC Jeweller Share Price Jumps Over 3% as Q2 Revenue Surges and Debt Declines

Strategic Impact & Future Outlook

Sammaan Capital said the partnership with IHC will bring:

• Long-term capital support
• Enhanced institutional ownership
• Improved credit profile and funding costs
• Accelerated investment in technology and AI
• Stronger governance frameworks

Looking ahead to FY27, the company aims to reduce the contribution of its legacy loan book to single digits, down from the current 37%, while targeting ₹1 lakh crore in Assets Under Management (AUM), a significant jump from the ₹62,000 crore AUM reported at the end of June.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.