Sammaan Capital Invites NCD Holders to Tender at Par Amid IHC's 41.5% Stake Acquisition and Strategic Control

Sammaan Capital Ltd, formerly known as Indiabulls Housing Finance Limited, has announced an invitation to holders of its Non-Convertible Debentures (NCDs) to tender their NCDs at par. This decision comes after Sammaan Capital became an IHC Group Company, following a preferential allotment of equity shares and warrants to Avenir Investment RSC Ltd, an affiliate of International Holding Company PJSC (IHC), Abu Dhabi. IHC, one of the world's largest investment firms, has acquired a 41.5% stake in Sammaan Capital, bringing substantial capital, global funding networks, and institutional relationships that will enhance the company's financial flexibility and support its growth ambitions. As an IHC Group Company, Sammaan Capital will leverage IHC's strong AA sovereign credit rating to strengthen its domestic and international credit ratings, leading to a meaningful decline in its cost of funds and access to larger and longer-dated pools of capital. This initiative marks the commencement of a structured and systematic liability management programme aimed at optimizing its debt structures.