India's Sammaan Capital rises after Abu Dhabi's IHC becomes promoter

Sammaan Capital

01/04/2026 05:37

** Sammaan Capital SMMN.NS rises as much as 4.8% to 156.67 rupees; set for fifth session of gains

** Abu Dhabi's International Holding Company IHC.AD, through its affiliate Avenir Investment, becomes co's promoter by acquiring 41.5% stake

** Co gets initial tranche of 56.62 bln rupees ($604.4 mln); to get 31.98 bln rupees in 18 months after warrants conversion

** Upon completion of open offer, assuming full uptake in open offer, IHC, through Avenir, will hold 63.3% stake in co

** Sammaan Capital will be integrated under IHC's global financial services platform, Judan Financial

** YTD, SMMN up ~6%

($1 = 93.6810 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))