Abu Dhabi-based International Holding Co. (IHC) is poised to acquire a controlling stake of 40–45% in Sammaan Capital Ltd, formerly known as Indiabulls Housing Finance. The deal is valued at approximately $1 billion, according to sources familiar with the transaction.
Backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE conglomerate is also expected to make an open offer to purchase an additional 26% stake. This move could potentially increase IHC’s total ownership in Sammaan Capital Ltd to over 65%.
https://cfo.economictimes.indiatimes.com/news/strategy-operations/billion-play-ihc-to-acquire-controlling-stake-of-40-45-in-sammaan-capital/124268414
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