Business Update20 May 2026, 05:21 pm
Sammaan Capital: IHC Receives ₹5,652 Cr Investment
AI Summary
Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) released an earnings update for the quarter and financial year ended March 31, 2026. IHC Group's equity ownership stands at 28.5% after receiving ₹5,652 Cr ($592 Mn) on issuance of equity shares and 25% upfront payment on warrants. IHC will own 43.5% of Sammaan after warrant conversion and is now the promoter and strategic shareholder. Alwyn Crasta has been appointed as Nominee Director.
Key Highlights
- IHC received ₹5,652 Cr ($592 Mn) from Sammaan Capital via equity and warrants.
- IHC's current equity ownership in Sammaan Capital is 28.5%.
- IHC will own 43.5% of Sammaan after warrant conversion.
- Alwyn Crasta appointed as Nominee Director from IHC.
- Sammaan Capital is now part of IHC Group.
Price Impact
More from IBULHSGFIN