Sammaan Capital Completes IHC Investment; FY26 Earnings Update Released
Sammaan Capital Limited (formerly Indiabulls Housing Finance) released its FY26 earnings update. The company received ₹5,652 crore from IHC, with an additional ₹3,198 crore pending. IHC now holds 28.5% equity, aiming for 43.5%. Credit ratings were upgraded to AA+ by CRISIL, CARE, and ICRA. Projections show significant growth in AUM and PAT by FY30.
The substantial investment from a new promoter (IHC), coupled with credit rating upgrades and ambitious growth plans, is expected to have a significant impact on the company's financial health, strategic direction, and market position.
The company has successfully closed a significant investment round with IHC, received credit rating upgrades, and presented strong future growth projections, indicating a positive outlook.
Sammaan Capital Limited, formerly Indiabulls Housing Finance Limited, has announced its Earnings Update for the quarter and financial year ended March 31, 2026. The company has successfully completed its transaction with IHC, receiving ₹5,652 crore on the issuance of equity shares and an upfront payment on warrants. The balance ₹3,198 crore is to be received over 18 months upon the conversion of warrants. Following this transaction, IHC's current equity ownership stands at 28.5%, expected to rise to 43.5% after warrant conversion, making IHC the promoter and strategic shareholder. Mr. Alwyn Crasta has been appointed as a Nominee Director. The transaction has been acknowledged within the official India-UAE bilateral engagement framework, signaling long-term UAE commitment to India’s financial sector. Sammaan Capital's financial statements for Q4FY26 and FY26 show significant changes in revenue, expenses, and profit/loss compared to the previous year. The company also provided business projections for FY27 to FY30, anticipating substantial growth in disbursals, AUM, net worth, and PAT, supported by a strategic focus on digital and AI transformation.
Credit rating agencies CRISIL, CARE, and ICRA have all upgraded Sammaan Capital's ratings to AA+/Stable following the IHC investment, reflecting enhanced financial flexibility and strengthened governance. The company's strategic vision includes a full-suite lending model, with projected growth in various loan products and expansion of its branch network and employee base. Sammaan Capital aims to leverage IHC's technological and AI capabilities to drive operational efficiency, improve credit underwriting, and enhance customer experience. The company's target portfolio mix emphasizes secured retail lending, with robust risk management guardrails including capital adequacy, gearing limits, and liquidity management.
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