Sammaan Capital becomes IHC Group company, receives Rs 5,652 cr in first tranche of stake sale

Sammaan Capital has officially become an International Holding Company group firm after receiving Rs 5,652 crore in the first tranche of a major stake sale. Through affiliate Avenir Investment RSC, IHC will acquire 41.5% now and complete the remaining investment upon warrant conversion, marking one of Indias largest NBFC-sector deals.