Sammaan Capital has scheduled an analyst and investor meeting for May 29, 2026. The meeting will be conducted in physical mode, featuring both one-on-one and group interactions with the company's management. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company specified that no unpublished price sensitive information (UPSI) will be discussed during the aforesaid meeting. The schedule for the group meeting was finalised on May 26, 2026, resulting in intimation at a shorter notice. Sammaan Capital noted that changes to the schedule may occur due to exigencies on the part of the participants or the company.

Meeting Details

The meeting provides an opportunity for analysts and investors to engage directly with the company's leadership. Sammaan Capital, formerly known as Indiabulls Housing Finance Limited, operates in the financial sector and is listed on BSE Limited and National Stock Exchange of India Limited.

Avenir Investment RSC Ltd, an entity owned and controlled by International Holding Company PJSC (IHC), has acquired control of Sammaan Capital Limited following the completion of a mandatory open offer and the transfer of subscription shares. In a disclosure dated May 26, 2026, filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the acquirer confirmed it has been classified as the promoter of the target company effective May 15, 2026. The total investment by IHC is set to aggregate to INR 8,850 Crore upon full exercise and conversion of Subscription Warrants, marking a significant equity infusion in the Indian NBFC sector.

Acquisition and Shareholding Details

The mandatory open offer, which opened on April 17, 2026, concluded on May 14, 2026. During this period, Avenir Investment RSC Ltd acquired a total of 41,110 equity shares, comprising 40,000 Fully Paid Equity Shares and 1,110 Partly Paid Equity Shares. The acquisition was executed at an offer price of INR 139 per Fully Paid Equity Share and INR 39 per Partly Paid Equity Share. Concurrently, on May 26, 2026, 33,00,00,111 Subscription Shares were transferred from a separate demat escrow account to the acquirer's demat account, enabling the exercise of voting rights.

Post-acquisition, Avenir Investment RSC Ltd holds 43.4% of the equity share capital and 41.3% of the fully diluted capital of Sammaan Capital. The following table details the shareholding structure:

Investment Structure and Warrant Details

Pursuant to a securities subscription agreement dated October 02, 2025, the investment comprises equity shares and subscription warrants. The acquirer subscribed to 33,00,00,111 equity shares and 30,66,90,535 warrants. The total value of the Subscription Warrants is INR 4,263 Crore, with an upfront payment of INR 1,065.75 Crore representing 25% of the consideration. The balance amount of INR 3,197.25 Crore is payable upon the exercise of these warrants on or before September 30, 2027.

The total paid-up equity share capital of the company stands at INR 231,93,60,168.71, divided into 1,15,86,70,658 fully paid-up equity shares and 30,13,213 partly paid-up equity shares as on March 31, 2026. The fully diluted capital, accounting for employee stock options and the exercise of all warrants, is INR 308,39,53,502.71.

Strategic Implications

The acquisition of control by IHC is expected to bolster Sammaan Capital's capital depth and market credibility. The company has already received rating upgrades from two agencies following the investment. Operational synergies are anticipated through collaboration with IHC Group experts in IT, AI, risk management, and finance. Additionally, the association aims to enhance corporate governance standards and leverage IHC's technology ecosystem to drive innovation and efficiency.