
Abu Dhabi Fund Pledges to Buy 41% Stake in NBFC Sammaan
Abu Dhabi’s ruling family-owned International Holding Company(IHC) has shown interest in buying a 41% stake in India’s Sammaan Capital, previously known as Indiabulls Housing, for Rs. 8,850 crore. At $1 billion, this marked the largest international investment in India’s NBFC sector. The Investment will be made through preferential allotment of equity and warrants at around…