Sammaan Capital shares decline 5% after seeing a stellar rally in 5 sessions; what you need to know today

Sammaan Capital, formerly known as Indiabulls Housing Finance, will raise capital by issuing preferential shares to Avenir after obtaining the requisite approvals, as per an exchange filing.

IHC will foray into the financial services sector in India through the largest-ever primary capital infusion by an investor in a non-banking financial company (NBFC) in India, according to the company's statement.

The deal is expected to fuel the next leg of growth for Sammaan Capital, backed by long-term patient capital, deeper access to low-cost liabilities, and an improved credit rating, the company said.

Post-preferential allotment, in which it will invest ₹8,850 crore, or $1 billion, Avenir will hold over 63 crore shares in the company, representing 43.46% of the holding.

As per an agreement, 33 crore shares of the company will be issued to the investor at ₹139 apiece to raise ₹4,587 crore, while the rest will be through two tranches of warrants.

It will subscribe to 8.60 lakh warrants at the same price, with each carrying a right to subscribe to one equity share, which will help raise another ₹1,207 crore, while another ₹3,055 crore will be raised through the issue of 21.97 crore of similar warrants.

This will trigger an open offer as per the regulatory guidelines to acquire an additional 26%, it said.

The filing also said that Avenir would "acquire and exercise" control of the company and eventually be classified as a promoter.

Once it gets classified as a promoter, the agreement also provides for a change in the articles of association for the company and grants Avenir the right to nominate board members.

What companies said

Gagan Banga, Managing Director and CEO of Sammaan Capital, said, “Sammaan Capital’s journey has been defined by resilience, adaptability, and an unwavering commitment to creating stakeholder value. We are proud to join the IHC family and contribute to its expansive global vision."

Banga added, "Under IHC’s parentage, we will continue to focus on providing affordable housing finance and mid-market mortgage solutions to our customers, leveraging IHC’s strong technology capabilities. The alignment of aspirations between IHC and Sammaan Capital is deeply encouraging, and we are confident that our experienced and dynamic leadership will propel the next phase of growth with renewed energy and purpose.”

Syed Basar Shueb, CEO of IHC, commented, “India represents a core strategic market for us, and its long-term growth fundamentals are compelling. We have been impressed by Sammaan Capital’s leadership in enabling home ownership and empowering small businesses across the country."

The CEO of IHC further said, "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.”

The press release said that this $1 billion investment strengthens IHC’s global portfolio and reinforces its presence in one of the world’s most dynamic financial markets.

About International Holding Company (IHC)

Established in 1999, IHC, as per the press release shared by Samman Capital, has become the most valuable holding company in the Middle East and one of the world's largest investment firms, with a market capitalisation of AED 881.6 billion ($239.9 billion).

AED stands for United Arab Emirates Dirham.

Since then, it has transformed to represent a new generation of investors. IHC's commitment to sustainability, innovation, and economic diversification spans over 1,300 subsidiaries, driving growth across industries like asset management, healthcare, real estate, financial services, IT, and more.

Samman Capital share price trend

Shares of the company have been on a rising spree. Data show that the stock has gained 25% in five sessions, 21.6% in 30 days, and nearly 45% in the past six months (as of the October 1, 2025, closing level on the NSE).

On a year-to-date (YTD) basis, the stock has gained over 10%.