Abu Dhabi's International Holding Company (IHC) has officially become the promoter and controlling shareholder of Sammaan Capital, following the completion of an open offer and preferential allotment. This move signifies one of the largest foreign investments in India's non-banking financial company (NBFC) sector, ending Sammaan Capital's long-standing status as a professionally managed entity without a promoter group. As of now, IHC, through its subsidiary Avenir Investment RSC Ltd, owns 28.41% of Sammaan Capital, with expectations to increase its stake to 41.24% over the next 18 months after the conversion of warrants. The total financial commitment from IHC for this transaction is ₹8,850 crore (approximately $1.06 billion USD), including ₹5,652.75 crore already infused through equity shares and subscription warrants. Additionally, the board of Sammaan Capital has approved the appointment of Alwyn Dinesh Crasta, IHC's group chief financial officer, as a non-executive, non-independent director, subject to shareholder approval. This acquisition represents a significant shift in the ownership structure of Sammaan Capital and highlights the growing interest of foreign investors in India's financial sector.