About Sammaan Capital

Abu Dhabi's IHC Group completed the acquisition of a 41.5% stake in Sammaan Capital (formerly, Indiabulls Housing Finance) through its affiliate Avenir Investment RSC to become the promoter of Sammaan Capital in a deal valued at close to $1 billion. In an interview Sammaan Capital CEO Gagan Banga tells Joel Rebello that infusion of fresh capital allows the company to double its asset base in the next three years after almost an eight-year consolidation phase. Edited excerpts:

Sammaan Capital, formerly Indiabulls Housing Finance, has a new promoter — Abu Dhabi-headquartered International Holdings Company (IHC), which has pumped in $1 billion into the company. With a new investor and a new identity comes a new vision – that of a multi-product lender rather than being known as primarily a mortgager. Governance and growth are said to be the foundations of the new journey, and that means an old aspiration of the company – that of becoming a bank – is no longer the case.

Sammaan Capital announced on Tuesday that it has become an IHC Group Company following a preferential allotment of equity shares and warrants to the Abu Dhabi-based company. Sammaan Capital received Rs 5,652 crore as part of the initial tranche of the stake acquisition.

Mumbai: Fresh capital in hand after change in ownership, Sammaan Capital, the erstwhile IndiaBulls Housing Finance, is looking beyond mortgages to diversify its loan book and build a multi-product non-bank entity

Sammaan Capital announced that an International Holding Company PJSC (IHC) will become its promoter, assuming strategic control and long-term stewardship of the company.

IHC, one of the worlds 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.

Samman Capital on Tuesday said that following International Holding Company’s (IHC) Rs 8,850 crore investment—under which the UAE-based firm will hold a 63.3 per cent stake after the open offer—it plans to transform itself from a pure-play mortgage financier into a diversified non-banking financial company (NBFC), and aims to break into the top three in the segment by assets under management (AUM) by FY29. Currently, the lender offers only four products, but by FY29 it aims to expand its portfolio to over 15 products, significantly scale up its branch network to 1,500 from 200, and increase its workforce to 10,000 from 4,000, as it looks to serve nearly 50 million customers, up from 2 million at present.

Sammaan Capital Ltd has received a major capital infusion from Middle East-based investment giant International Holding Company (IHC), which is set to acquire a controlling stake in the non-banking financial company through a multi-stage transaction valued at about $1 billion.

The ₹8,850 crore that Sammaan Capital Ltd (SCL) will receive in tranches from Abu Dhabi-based investment firm International Holding Company PJSC (IHC) over the next 18 months will ensure growth capital for the mortgage-focused non-banking finance company (NBFC) for the next five years, helping it diversify into personal loans, loans against gold, and small business loans.

Sammaan Capital's Managing Director and CEO Gagan Banga has laid out an unusually confident outlook for the company's next two years — projecting that borrowing costs will fall by as much as 250 basis points, net margins will double, and the AUM will scale to between Rs 1.3 lakh crore and Rs 1.5 lakh crore by FY29, all riding on the back of a landmark capital infusion from Abu Dhabi-based conglomerate International Holding Company (IHC).

Sammaan Capital Ltd. formerly IndiaBulls Housing Finance Ltd on Tuesday announced that West Asia’s IHC, with market cap of $232 billion through its affiliate, Avenir Investment RSC Ltd. will become the Promoter of Sammaan Capital Ltd. by acquiring 41.5% stake via a preferential allotment of equity shares and warrants.

MUMBAI: Sammaan Capital, formerly Indiabulls Housing Finance, will pivot to a multi-asset lender spanning personal/gold/MSME loans after its acquisition by Abu Dhabi-based International Holding Company for about Rs 8,850 crore, making it a multinational NBFC.

The Gagan Banga-founded company says the UAE-group, which is the largest listed company in the Emirate with a market capitalisation of $239 billion, has become the promoter of the company effective Tuesday, upon a preferential allotment of 41.5% equity shares and warrants to Avenir Investment, an affiliate of IHC

The campaign captures how 90s-born millennials, once dreamers, have worked hard, overcome odds

Sammaan Capital launched "Hum Ho Gaye Kamyaab," a campaign celebrating the triumphs

Sammaan Capital launches ‘Hum Ho Gaye Kamyaab’ campaign celebrating millennials’ journey and dreams

Sammaan Capital, a leading financial partner for Indias middle class, is proud to announce

Sammaan Capital Unveils "Hum Ho Gaye Kamyaab" Campaign; Celebrating the Dreams and Success of Indias Middle Class 

Sammaan Capital Unveils "Hum Ho Gaye Kamyaab" Campaign; Celebrating the Dreams and Success of Indias Middle Class

Sammaan Capital Unveils "Hum Ho Gaye Kamyaab" Campaign; Celebrating the Dreams and Success of Indias Middle Class

Sammaan Capital Unveils "Hum Ho Gaye Kamyaab" Campaign; Celebrating the Dreams and Success of Indias Middle Class

Sammaan Capital unveils 'Hum Ho Gaye Kamyaab' campaign; celebrating the dreams

Indiabulls Housing Finance Ltd has changed its name to Sammaan Capital Ltd after 

Non-banking finance company Indiabulls Housing Finance has changed its name to

Indiabulls Housing Finance Ltd’s name has been changed to Sammaan Capital Ltd,

Indiabulls Housing Finance announced that it has officially changed its name to ‘Sammaan

Indiabulls Housing Finance on Wednesday said that it has officially changed its name to 

Indiabulls Housing Finance has officially rebranded as Sammaan Capital. This change

The name change follows its transformation into a board-run and diversely-held financial

The Company shall shortly be submitting requisite applications with the exchanges for

‘Sammaan’ the company explains means “respect,” “honor,” “courtesy,” and “dignity” 

The Company shall shortly be submitting requisite applications with the exchanges for

Indiabulls Housing Finance rebranded as Sammaan Capital: Indiabulls Housing Finance

In a significant strategic move, Indiabulls Housing Finance has officially rebranded itself