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Abu Dhabi-based International Holding Company (IHC) is investing nearly $1 billion to take control of Sammaan Capital.
Sammaan Capital is a non-banking financial company (NBFC) that provides loans, mainly for housing and small businesses.
The deets: IHC will become the promoter by acquiring a 41.5% stake initially, with plans to scale it up to 63%+ through an open offer and warrant conversion.
It has already infused ₹5,652 crore (~$600M), with another ₹3,198 crore (~$338M) coming in over the next 18 months.
Why is IHC investing: this is a classic growth market bet. India’s credit market is expanding rapidly, with total credit expected to grow at 12-14%, reaching over $5 trillion by 2030.
NBFCs already account for nearly 20% of total credit in India, and dominate segments like SME lending, affordable housing, and consumer finance, where bank penetration is still low.
For instance, only about 14-15% of MSMEs have access to formal credit, leaving a massive gap.
This is exactly where players like Sammaan operate, tapping into a huge, under-served market with long-term growth potential.
Why Sammaan benefits: NBFCs run on capital the more money they have, the more they can lend. This infusion makes Sammaan well-capitalised, allowing it to grow its loan book faster, compete with bigger players, and improve its market position.
