Abu Dhabi fund to buy 41% in NBFC Sammaan for $1 billion

Abu Dhabi’s International Holding Company (IHC) will acquire a 41.2% stake in Sammaan Capital (formerly Indiabulls Housing) for Rs 8,850 crore, marking India’s largest foreign investment in the NBFC sector. This $1 billion deal triggers an open offer, potentially increasing IHC’s holding to 63.4% and classifying it as a promoter with board control.