Sammaan Capital has proposed a buyout, offering INR 139 per share for fully-paid shares and INR 39 for partially-paid shares, aiming to acquire approximately 34.17 crore shares in total.
Sammaan Capital Limited
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Sammaan Capital announces a $45 million buyback of their 2030 7.5% bonds, representing approximately 10% of the total issue. The tender process starts on April 7, 2026, with Deutsche Bank Securities acting as the managing dealer.
BlackRock has decreased its ownership in Sammaan Capital to 5.53%, down from a previous 7.76%. This move comes as Sammaan Capital's total share count expanded to over 1.1 billion shares, suggesting potential reallocation of investments.
Sammaan Capital intends to achieve an annual organic asset growth of INR 20,000 crores. The company's leader, Gagan Banga, has announced a change in strategy, moving away from the initial aim of transforming into a bank.
IHC is considering expanding its presence within Sammaan Capital by either boosting its current stake or investing additional capital. This move aims to fuel growth and development in the firm.
According to Gagan Banga, CEO of Sammaan Capital, the company anticipates a doubling of its margins following the completion of the IHC deal. He also mentioned that the cost of funds is expected to decrease by 250 basis points post-deal.
Sammaan Capital has issued warrants valued at over 42 billion INR to a UAE investor, giving them majority control following an open offer after issuing approximately 33 crore shares at a price of 139 INR each.
IHC purchases a significant 41.5% stake in Sammaan Capital for $1 billion, assuming a prominent role as a promoter. Sammaan aims to broaden their loan offerings and increase branches to 1,500 by FY29.
Sammaan Capital has announced that it has made all scheduled interest payments for its NCDs (Non-Convertible Debentures) on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The payments were made across multiple ISINs and totaled various amounts, ensuring they met their payment obligations.
Sammaan Capital is strategizing to break into the top three Non-Banking Financial Companies (NBFC) rankings by Assets Under Management (AUM) by FY29. In a move to expand its portfolio, India's Housing Finance Corporation (IHC) has recently invested 8,850 crores, securing a 63.3% stake.
Sammaan Capital has announced the issuance of 75,000 secured non-convertible debentures (NCDs) worth ₹750 crores, due in April 2027. These NCDs offer an annual coupon rate of 9.75%, with each one backed by a single asset as security.