Billion-Dollar Play: IHC To Acquire Controlling Stake Of 40-45% In Sammaan Capital

In a landmark deal, Abu Dhabi-based International Holding Co. (IHC) is set to acquire a controlling stake of 40-45% in Sammaan Capital Ltd, formerly known as Indiabulls Housing Finance, for approximately $1 billion. This acquisition marks a strategic entry for IHC into India’s financial services sector and underscores its aggressive global investment ambitions.

 

Key Takeaways On The Acquisition

 

IHC, backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security advisor, plans to make an open offer to acquire an additional 26% stake, potentially raising its ownership beyond 65%.

 

The deal reflects IHC’s broader strategy to invest heavily in India, with plans to channel up to $110 billion over the next five years into various sectors.

 

Sammaan Capital, a mortgage-focused NBFC, serves 1.6 million customers across 220 branches and had a market valuation of around Rs 14,045 crore as of early October 2025.

 

The current leadership team, including MD & CEO Gagan Banga, will remain, offering stability amid new ownership.

 

Strategic Implications For The Indian Market

IHC’s acquisition represents a major vote of confidence in India’s durable financial sector despite previous challenges faced by Sammaan Capital. The company’s consolidated assets under management stood at Rs 62,346 crore as of March 2025, with housing loans comprising 73% of its portfolio. With IHC’s backing, Sammaan is poised for accelerated growth and fundraising initiatives through equity, debt, and convertible instruments.

 

Global Expansion And Local Presence

International Holding Co. is among the world’s largest investment conglomerates, with a market capitalization of $240 billion and diversified investments including a recent $2 billion commitment to Adani Group entities. The Sammaan deal further cements IHC’s commitment to strengthening its footprint in India’s fast-growing financial ecosystem.

 

Sources: Economic Times, Business Standard, ETMarkets, Sammaan Capital official disclosures.