Source: The Times Of India
Mumbai / Abu Dhabi, October 3, 2025 – International Holding Company (IHC) of Abu Dhabi is investing ₹8,850 crore (US $997.7 million) into India’s Sammaan Capital in a significant move in the financial services arena.
The investment, which is being made by Avenir Investment RSC, a part of IHC, will give the company a 43.5% interest in Sammaan Capital. Avenir will subscribe for 330 million equity shares and 306.7 million convertible warrants at a price of ₹139 each. According to regulations, this investment will also trigger an open offer to buy up to 26% of additional shares.
According to IHC, the $1 billion investment reflects a strong conviction in India’s financial sector and aims to enhance access to housing finance options.
“We have been impressed by Sammaan Capital’s leadership in enabling home ownership and empowering small businesses across the country. This $1 billion investment reaffirms our commitment to supporting Sammaan Capital in its next phase of development, including the adoption of AI to enhance lending and credit solutions, and to contribute meaningfully to India’s financial ecosystem,” Syed Basar Shueb, CEO of IHC said.
This represents IHC’s initial substantial foray into the fintech sector in India. Previously, the group has invested in Indian corporates such as Adani Group and Haldiram’s.
Implications for Sammaan Capital
Sammaan Capital is a mortgage lending business and operates in 220 locations across 150 towns and cities, serviced by over 4,400 colleagues. The firm provides financing for affordable and mid-market housing, a segment that is likely to experience significant growth for years to come.
“Becoming part of the IHC family is a milestone that will help us further strengthen our affordable housing and mid-market mortgage offerings. Leveraging IHC’s global expertise and technology strengths, we are confident of accelerating our next phase of growth with renewed purpose.”
The agreement would also permit IHC’s affiliate nominating members to join Sammaan’s Board. The transaction is subject to regulatory approvals from the Reserve Bank of India (RBI), the Competition Commission of India (CCI), and other regulatory authorities.
Leadership update
Sammaan appointed Himanshu Mody, who transitioned the Suzlon original equipment manufacturer through restructuring, to be a Deputy CEO last month. Mody brings valuable skills in fundraising and strategic planning. The company will utilize his capabilities to open up Sammaan operations with the IHC project in mind.
Market Impact
India’s housing finance sector is currently worth ₹33 lakh crore ($372 billion) and is expected to rise to over double that by FY30, due to higher urbanisation and housing schemes from the government.
The shares of Sammaan Capital spiked over 20% in the last month on speculation of a deal, but the day the deal was announced the stock of the company fell over 3% in early trading. Year-to-date, the stock is up nearly 10%.
Outlook
Sammaan Capital will ramp up its affordable housing finance business with the support of IHC, adding branches to its growing footprint and employing technology such as AI to improve its credit assessment capabilities. By making this investment, IHC is establishing itself in one of the fastest-growing financial sectors in India.
