IHC Advances $1 Billion Investment to Acquire Majority Stake in India’s Sammaan Capital

IHC Advances $1 Billion Investment to Acquire Majority Stake in India’s Sammaan Capital

IHC, a global investment company focused on building dynamic value networks, on Tuesday announced that it has received all requisite regulatory approvals to acquire approximately 41.5 percent stake in Sammaan Capital Limited on a fully diluted basis, for a total transaction value of approximately US$1 billion (INR 8,850 crore).The transaction is being executed in multiple stages, with approximately 26.9 percent stake acquired to date and the bal…

IHC gets green light for Sammaan Capital deal

Abu Dhabi’s International Holding Company has secured regulatory approval to take a 41.5 percent stake in Sammaan Capital, an Indian finance company, for almost $1 billion. The deal, which was announced last October, will be completed in multiple stages, according to UAE state-run news agency Wam. IHC has acquired 26.9 percent of Sammaan so far. The balance will be acquired through share warrants, which will be converted into fully paid equity s…

IHC advances USD 1bln investment to acquire majority stake in India’s Sammaan Capital

Mandatory tender offer to be launched for up to 26% from public shareholders