IHC invests $1B for 41 5% stake in Sammaan Capital

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The platform enables efficient management of activities including bill payments, payroll, business travel, invoicing, corporate cards, compliance services, and a wide range of operational workflows. The investment is expected to strengthen Sammaan Capital’s balance sheet, support its next phase of growth, and enhance its ability to deliver innovative lending solutions across underserved segments. Syed Basar Shueb, CEO of IHC, said the acquisition represents an important step in the group’s long-term strategy to grow its presence in India’s financial services sector, highlighting opportunities to enhance capabilities, including through the adoption of artificial intelligence. The deal marks a significant milestone in IHC’s expansion into India, one of the world’s fastest-growing major economies, where non-banking financial companies continue to play a critical role in bridging the gap between traditional banking services and rising credit demand.

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IHC, a global investment company focused on building dynamic value networks, today announced that it has successfully acquired a 70% stake in Peko Holdings Limited, a technology-driven company delivering an integrated digital platform designed to simplify and automate core business operations. The company will also become part of IHC’s newly formed financial services investment platform, Judan Financial, supporting the group’s broader growth ambitions in the sector. Gagan Banga, CEO and Managing Director of Sammaan Capital, said the partnership marks a new phase for the company, bringing capital strength and long-term alignment to support future growth, expand its reach, and continue delivering value to customers and stakeholders.

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• The transaction, valued at approximately $1 billion (Dh3.6 billion), will see the remaining stake acquired through share warrants over an 18-month period.
• All investments carry risk.

He explained the Park’s high-performance computing facilities, like the Sharjah Open Innovation Lab (SOILAB), as well as its network and relationship with outside partners will allow it to help provide companies with the support they need to grow. A new AI Hub has been launched in Sharjah aimed at accelerating AI adoption and will bring together infrastructure, partnerships and expertise into one ecosystem that supports companies looking to grow. Defence planners increasingly view the island as a decisive pressure point if tanker traffic through Hormuz remains constrained — a step that could remove 1.5 to 2 million barrels per day of Iranian exports from global markets almost overnight. Disruptions that began in South Asia are already spreading across wider energy markets, according to Wael Sawan, chief executive of Shell. The acquisition of Peko Holdings further strengthens IHC’s global portfolio and reinforces its commitment to backing businesses that enable economic participation, operational efficiency, and sustainable growth across diverse markets.

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In 2024, Kedaara Capital and Partners group took Vishal Mega Mart to the public to raise ₹8,000 crore through an initial public offering. In 2018, Partners Group and India-focused PE firm Kedaara Capital bought Vishal Mega Mart from investment firm TPG Capital and Shriram Group for around $735 million. Details of the other buyers of Vishal Mega Mart’s shares could not be ascertained on the exchange. Following the stake sale, Samayat Services LLP’s holding in Vishal Mega Mart (VMM) declined to 40.13 per cent, from 54.09 per cent.

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Through its modular, platform-as-a-service model, Peko addresses the growing demand among SMEs and mid-market companies for seamless, automated infrastructure that replaces fragmented legacy systems. Samayat Services LLP, one of the promoter entities of supermarket chain Vishal Mega Mart, on Friday divested nearly a 14 per cent stake in the company for ₹7,635 crore through open market transactions. The end of support for Windows 10 on October 14, 2025, highlights the urgency of migrating IT infrastructures to modern, high-performance systems. The AI Hub will serve as a “gateway” for AI adoption built on multiple pillars, including talent, global relationships, and through existing infrastructure The AI Hub will also bridge the gap between innovation and implementation by offering integrated services, including AI consulting, applied research and development, data analytics, prototyping, and advanced computing infrastructure.

Bangladesh is considering introducing partial online classes in schools as part of austerity measures to ease pressure from the global energy crisis and domestic constraints. The platform is underpinned by recurring, subscription-based revenues, high customer retention, and strong scalability, positioning it as foundational digital infrastructure for the next generation of digital-first businesses. Peko is an all-in-one digital platform purpose-built to help businesses streamline financial operations and essential administrative processes through a single, intuitive interface. The company operates through 220 branches across more than 150 towns and cities, employing over 4,400 people and playing a key role in advancing financial inclusion. Sammaan Capital, which is publicly listed on the Bombay Stock Exchange and National Stock Exchange of India, is among the country’s largest non-banking financial companies, primarily focused on mortgage lending.

According to the exchange filing, upon completion of an open offer (announced at ₹139 per fully paid equity share), and assuming full uptake in the open offer, IHC, through Avenir will hold 63.3 per cent stake in Sammaan Capital. Sammaan Capital has already received an initial tranche of ₹5,652 crore, equivalent to about $600 million, towards the allotment. Stake is authorised to offer Shariah compliant investments. All investments through Stake carry risk and are not guaranteed. Stake platform consists of the website (Stake ) and mobile app. Past performance is not a reliable indicator of future results.