IHC increases its ownership in Sammaan Capital to nearly a third (28.5%) with plans to extend this to 43.5% post-warrant conversion. Notably, CRISIL, CARE, and ICRA have upgraded Sammaan's ratings due to improved AI integration, operational efficiency, and diversification of its loan portfolio.
Sammaan Capital Limited
SAMMAANCAPPrice History
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Despite reporting a significant loss of over 8 billion INR in Q4 FY26, Sammaan Capital's stock unexpectedly surged by 9.1% to ₹154.7 on May 21, 2026, indicating a possible divergence between financial performance and market sentiment.
Sammaan Capital reports an unexpected loss of nearly INR 6.5 billion for the fiscal year 2026, primarily due to non-core asset issues. However, the company has managed to secure a substantial investment of INR 4.6 billion and received positive credit rating upgrades from Moody's, CRISIL, and CARE, indicating improved financial standing.
Sammaan Capital's stocks surged, even amidst a reported Q4 loss, as the company effectively wiped out Non-Performing Assets (NPAs) with the help of an infusion from IHC.
Sammaan Capital suffered a significant Q4 loss of ₹81 billion, marking an increase from ₹3.24 billion in the same quarter last year. This steep decline is also reflected in their revenue, which dropped to ₹17.6 billion from ₹21 billion.
Sammaan Capital (formerly Indiabulls Housing Finance) reported their FY26 earnings. The IHC Group currently holds 28.5% equity, with the potential to increase this to 43.5% upon exercising warrants. A significant investment of INR 5,652 crore was made upfront.
Sammaan Capital has been boosted to a higher credit rating (AA Stable) by ICRA, citing their robust asset quality and the strategic significance of their operations. This decision comes after ICRA's reassessment, which included noting the institutional support and capital investment they have received.
Sammaan Capital completed a significant block deal on the National Stock Exchange, trading approximately 1.02 million shares worth around INR 15.9 crore, with each share traded at INR 155.98.
Sammaan Capital aspires to manage assets worth INR 2 trillion and maintain a return on equity of 18% by fiscal year 2030, with an emphasis on strategic growth through substantial capital investments.
Sammaan Capital experienced a substantial quarterly loss of INR 101.4 crore in Q4 FY26, with Net Interest Income also taking a downturn during the same period.
IHC boosts its presence in Sammaan Capital by acquiring a 28.4% stake, potentially increasing to 41.2%. The deal involves an investment of INR 8,850 crores, and Alwyn Crasta joins as director for improved governance.
Sammaan Capital is planning a review of its FY26 financials on May 20th. The company also intends to explore fundraising options through debt securities, with the trading window being temporarily closed until May 22nd.
Sammaan Capital has received a long-term debt rating upgrade from both CARE and CRISIL to 'AA Stable', acknowledging its strategic significance to IHC and enhanced credit standing. The upgrade by CRISIL is effective from April 2026, signifying improved financial health of the company.
Sammaan Capital Ltd has secured RBI's No Objection Certificate for the transfer of its Non-Banking Financial Company (NBFC) business from Sammaan Finserve under a Scheme of Arrangement. However, implementation is contingent on additional statutory and regulatory approvals, including clearance from NCLT and shareholder consent.
Avenir-IHC's open offer for a 26.05% stake in Sammaan Capital has received minimal interest, with only 0.01% of the offered shares being tendered, equating to just 41,110 shares according to SEBI SAST Regulations.
Avenir Investment has initiated an open offer to acquire a 26.05% stake in Sammaan Capital, but no shares have been tendered so far, according to the latest update on BSE. This indicates that shareholders may not be interested in selling their shares at this time.
Sammaan Capital's recent bid to acquire a 26.05% stake worth ₹34.17 crores has received no response from the public shareholders, according to the latest reports by ScoutQuest. The open offer, which was announced earlier, seems to have left the market indifferent as of April 23, 2026.
Sammaan Capital Ltd has confirmed compliance with SEBI's rules regarding non-convertible securities as of March 31, 2026. Notably, there were no payment defaults or delays reported during the fiscal year 2025-26. For more details, refer to the provided listing information and links on BSE.
Sammaan Capital cleared regulatory hurdles on April 21, 2026, as BSE gave a clean bill of health. On the following day, NSE also granted no objections to the proposed merger with Sammaan Finserve, marking significant progress in their consolidation process.
Avenir Investment's attempt to purchase a 26.05% stake in Sammaan Capital has failed, as no shares were tendered in response to their open offer by April 17, 2026. This development might signal resistance from Sammaan shareholders regarding the transaction.
Sammaan Capital receives an improved long-term debt rating of AA Stable due to solid backing from the Investment Holding Company (IHC). The company's commercial paper rating remains strong, maintaining an A1 status by CRISIL.
Sammaan Capital has paid an early interest amount of INR 1.49 crore on its Non-Convertible Debentures (NCDs), demonstrating its commitment to timely payments and adherence to SEBI regulations, with the payment made on April 8, 2026.
Avenir Investment and IHC Capital are jointly making an open share offer of INR 139 each for a 26% stake in Sammaan Capital. The offer intends to purchase approximately 34 crore shares, with Citigroup as the managing agent. SEBI has granted approval for this offer, which will be valid until March 2026.
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 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.