Sammaan Capital has announced a proposed preferential allotment to International Holding Company (IHC) for INR8,850 crores, representing a 41.2% stake. This investment is expected to significantly reduce borrowing costs by approximately 200 basis points and facilitate expansion of the product suite and technology integration. Focus will be on growing people fourfold and branch network three to fourfold. Sammaan Capital aims to increase disbursals to INR35,000 crores next year.
IHC Investment Overview
Sammaan Capital is set to receive a substantial investment of INR8,850 crores from International Holding Company (IHC), giving IHC a 41.2% stake on a fully diluted basis. IHC’s Avenir has also given an open offer to acquire a further 26%. The preferential issue and open offer are happening at INR139 per share. Shareholder approval was received on October 29, 2025, with further regulatory approvals pending.
Financial Impact and Borrowing Costs
The investment is projected to substantially improve Sammaan Capital’s financial standing. Borrowing costs are expected to decrease by approximately 200 basis points. Sammaan Capital successfully raised a $450 million dollar bond at a significantly improved price, reflecting immediate positive impacts following the announcement. Rating agencies have also noted this, with Moody’s placing Sammaan Capital on review for a potential upgrade.
Business Expansion and Product Diversification
Sammaan Capital plans to significantly expand its business operations, targeting disbursals of INR35,000 crores next year. This growth will be supported by a broader product suite. Also a clear plan has been set-up where Sammaan Capital should be growing people fourfold and branch network three to fourfold from here.
Technology Integration and Efficiency
The company intends to leverage IHC’s technology ecosystem to enhance its artificial intelligence capabilities and improve customer experience. Efforts are underway to build technology capabilities to enhance customer experience and reduce turnaround time. Significant transformation on the tech side is expected over the next 4 to 6 months.
Q2 FY26 Performance Highlights
Key figures from the recent quarter include:
- Net worth increased to INR22,373 crores.
- AUM reached almost INR42,000 crores.
- Profit declared at INR308 crores compared to a loss of INR2,761 crores in the same quarter last year.
- Net interest margin stands at approximately 5.5%.
Asset-Light Strategy and Co-lending
Sammaan Capital will capitalize on recent positive regulatory changes in co-lending, enhancing its asset-light strategy. The scope of co-lending has expanded beyond priority sectors and the minimum retention ratio has been reduced to 10%. Parallel decisioning is set to start from December.
Source: BSE
