By: Express News ServiceMumbai | Updated: October 3, 2025 03:49 AM IST 3 min read"Over its 25 years of operations, SCL has helped over 680,000 families buy homes by extending home loans of over $ 19 Bn, and has extended $ 9.5 billion of mortgage-backed loans to over 100,000 small businesses," the company said.Abu Dhabi-based International Holding Company PJSC, the most valuable holding company in West Asia, has entered into definitive agreements to acquire a controlling 41.2% stake in Sammaan Capital — formerly known as IndiaBulls Housing Finance Ltd — for `8,850 crore (around $1 billion) through its affiliate, Avenir Investment RSC LTD.The transaction marks IHC’s foray into the financial services sector in India and represents the largest ever primary capital infusion by an investor in an Indian non-bank financial company.As part of the transaction, IHC will invest through a preferential allotment of equity shares and warrants at `139 per share. The transaction will trigger a mandatory open offer for the purchase of an additional 26.0% stake in the company on an expanded capital basis.Based on the open offer subscription, IHC’s stake after the investment will vary between 41.2% and 63.4% on a fully diluted basis (including shares to be issued pursuant to exercise of warrants).IHC will be classified as the promoter of the company and will have the right to appoint the majority of the board of directors. The transaction is subject to regulatory and statutory approvals and customary closing conditions.“The investment and Promoter ownership of IHC is expected to fuel the next leg of growth for Sammaan Capital on the back of long-term patient capital, deeper access to low-cost liabilities and an improved credit rating,” it said in a statement.“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,” said Syed Basar Shueb, CEO of IHC. “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 contributing meaningfully to India’s financial ecosystem.”Story continues below this ad“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,” said Gagan Banga, Managing Director and CEO of Sammaan Capital. The name change of Sammaan Capital officially took place in July 2024.Established in 1999, IHC has become the most valuable holding company in the Middle East and one of the world’s largest investment firms with a market capitalization of $239.9 billion. It spans over 1,300 subsidiaries, driving growth across industries like asset management, healthcare, real estate, financial services and IT.Founded in 2000, Sammaan Capital has a pan-India presence through 4,430 employees operating out of 220 branches in over 150 towns and cities. “Over its 25 years of operations, SCL has helped over 680,000 families buy homes by extending home loans of over $ 19 Bn, and has extended $ 9.5 billion of mortgage-backed loans to over 100,000 small businesses,” the company said. © The Indian Express Pvt Ltd