IHC to acquire 41 5% stake in Indias Sammaan Capital for Dh3.6 billion

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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.

• 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.
• 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.
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Offerings

Get to know where the market bulls are investing to identify the right stocks. The outgoing promoters, including Unilever, are now reclassified as public. In 2016, Ed Craven and Bijan Tehrani established Easygo, a company which developed games for online casinos. It is operated by Medium Rare NV, a company incorporated in Curaçao where it holds an online casino licence. Copyright© 2026, THG PUBLISHING PVT LTD. or its affiliated companies. So far, around 26.9 per cent stake has already been acquired, with the remaining portion to be completed through warrant conversion in phases over the next 18 months.

Spare global production capacity — estimated at only stake bet 3 to 4 million barrels per day — is far too limited to offset a prolonged disruption at Hormuz. Energy economists say the current crisis differs from previous oil shocks because it is being driven less by production shortages and more by transport bottlenecks at one of the world’s most critical energy chokepoints. Any attempt to disable or seize the island could sharply tighten global supply and send prices surging almost immediately.

Kharg strike threat heightens risk of fresh global oil shock

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Following the stake sale, Samayat Services LLP’s holding in Vishal Mega Mart (VMM) declined to 40.13%, from 54.09%. Stay globally informed with exclusive story from New York Times. Analyze the market sentiments & identify the trend reversal for strategic decisions. Check the score based on the company’s fundamentals, solvency, growth, risk & ownership to decide the right stocks.

Currently, IHC holds a 26.9 percent stake in the financial company, and the transaction will be executed in multiple stages in accordance with applicable Indian regulations, IHC said in a disclosure on the Abu Dhabi Securities Exchange, where it is listed. These entities purchased more than 29.42 crore shares or a 6.3 per cent stake in VMM at an average price of ₹117 per share, taking the aggregate value to ₹3,443.17 crore. According to the bulk deal data on the National Stock Exchange (NSE), Samayat Services LLP sold a total of 65.25 crore equity shares in two tranches, representing a 13.96 per cent stake, in Gurugram-based Vishal Mega Mart.

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.

Tuesday morning became extra special for actor Huma Qureshi as she woke up to a surprise shout-out from acclaimed global filmmaker Zack Snyder. Iranian forces have since attacked US assets and civilian infrastructure in Gulf countries, causing casualties and damage to infrastructure. The Embassy of India in Kuwait expressed its condolences and was closely coordinating with the Kuwaiti authorities to render all possible support and assistance.