Overview

• International Holding Company, through affiliate Avenir Investment RSC, signed definitive agreements to acquire about 41.2% of Sammaan Capital via a Rs 8,850 crore preferential issuance of 330 million shares and 306.7 million warrants at Rs 139 each.
• The investor will be classified as promoter with rights to appoint a majority of the board, transferring effective control of the non‑bank lender once conditions are met.
• Indian takeover rules require a mandatory open offer for an additional 26% on an expanded capital base, leaving IHC’s eventual holding in a range that could reach roughly 63.4% on full dilution.
• Sammaan Capital’s shares fell about 5% in early Friday trade on heavy volumes after the announcement, reflecting concerns over valuation given the 18% discount and expected dilution.
• IHC describes the $1 billion infusion as a push to scale mortgage lending, broaden financial inclusion and deploy AI‑enabled credit tools, with several reports calling it the largest primary investment into an Indian NBFC.