IHC makes its biggest splash yet in India’s financial sector with ₹8,850 crore Sammaan Capital deal

Mumbai: International Holding Co. (IHC), Sammaan Capital Ltd (formerly Indiabuls housing finance) was set to buy a share of 43.5% La8,850 Crore points to the entry of Abu Dhabi -based investor to the Indian Financial Services sector.

Investment through IHC’s Avenir Investment RSC LTD. LaIt is worth 4,587 CRORE and 300 million warrant La4.262 CRORE La139. This Wednesday is a discount on the closing price of this Wednesday La168.55 in NSE – Thursday was a Sunday holiday due to Dussehra.

IHC will be classified as an organizer and have the right to appoint the majority of the directors to the board subject to the approval of the regulator.

Gagan Banga, General Manager and General Manager of Sammaan Capital, said, 85 85% of the investment comes as equity and the remaining 15% of them are applied in 18 months. Mint. It is waiting for the agreement to be completed within 6-12 months.

The transaction will also trigger a compulsory open offer for the share of the company to comply with the inheritance code of India’s securities and the stock exchange Board. Following the open offer, IHC’s shares on the lending of the IHC may be up to 63.4% on a completely diluted, including shares to be given when the warrants are applied.

98% of NBFC belongs to public shareholders and includes 2% of the employee Stock Options (ESOP) held by the employee foundation.

“When we passed from Indiabulls (Finance), it was clear that institutionalization was a way to the future, Bang said Banga, and as a supporter, having a large institution like IHC would give much more comfort for the company’s on behalf of the company. “Thus, the company receives efficient debt capital at an optimal cost, which allows us to start offering double -digit type REEs (self -ware yield) in a very short time.”

Sammaan Capital said that the global investment company and the technology ecosystem will benefit from the governance framework.

“As I have seen that lending has developed, there will be much about our credit obligation and how efficient we can do our service debtors by using technology. This makes both in all directions that are very necessary in our business, and in all directions, capital and technology are really ready for the future.”

Supportive change

The transaction points to the introduction of IHC into the financial services sector in India and is the largest primary capital infusion of an investor in an out -of -bank financial company (NBFC) in the country. Founded in 1999, IHC has a market value of $ 239.9 billion in many business areas, including asset management, health, real estate, financial services and CT.

IHC CEO Syd Basar Shueb said, “India represents a basic strategic market for us and is influenced by the leadership of Sammaan Capital and the leadership of strengthening small businesses throughout the country.

“This confirms our commitment to support Sammaan Capital in the next development stage, and the commitment to develop credit and credit solutions and significantly contribute to India’s financial ecosystem.”

Growth way

The company said in a statement that the investment and change in supportive property, Sammaan Capital, will increase the next growth leg, deeper access to low -cost obligations and a better credit rating. NBFC will continue to focus on providing customers with affordable housing financing and providing mid -market mortgage solutions.

Banga told Mint Within the next 12-18 months, the NBFC will discover the existing operational leverars and bring back the efficiency of the company. In the next 18-36 months, he said he would look at other opportunities and fields he may want to offer to his customers throughout the country.

“This target segment. What exactly do we want to do with the target segment in terms of specific credit products? We will design this for the next 12 to 18 months,” he said. La27 Make 1 trillion and net profit in financial LaThis donation is 1 trillion by FY30 supported by the collection.

“Even in 2030, our capital adequacy will be 27-28%, Bang said Banga, which means that the company will continue to borrow from debt markets, including foreign commercial borrowings. It is seen that the expected improvement in the credit rating triggered by the fund collection helps to reduce the general fund cost for NBFC with its strong supporting support.

“My analysis is that our borrowing cost within about 12 months should decrease at least 150 basis points, ve and added that the focal point will remain on“ creating a debt profile as much as possible ”where the NBFC will continue to discover all possible borrowing options.

In August, the mortgage -oriented lent, a 8.95% coupon and a three -year term of office and senior -guaranteed social bonds through the collection of collection of collection. At that time, the company’s investor presentation, $ 3.5 billion in the last 10 years, has paid back $ 3.8 billion from 215 foreign institutions, he said. He collected $ 350 million in FY25 and paid $ 161 million.

Increasing donation collection rate by NBFC by lending foreign currency, he said that it was slower than the reimbursement rate since 19 financial years. That year, Indiabuls housing financing, which was still hanging from the influence of the IL & FS crisis, led to weak financials against corporate organizations and financial irregularities.

NBFC has been on the way to a rescue that the founder Sameer Gehlaut has been completely released at the end of 2023. The company was renamed as Sammaan Capital, which was valid in July 2024.

Banga is that the “beauty of IHC olmaz is not a special capital fund and does not look at the work from a 3-5-year perspective and instead looking for“ continuity ”. “There is a certain investment model, but when it comes to businesses, they are very conservative and careful for a financial services company. There is no ultra growth pressure,” he said.