International Holding Co (IHC) has announced a Rs 8,850 crore ($997.7 million) investment to acquire a 43.5% stake in Sammaan Capital, bolstering its presence in India's financial services sector.

Information on the Target

Sammaan Capital is a prominent non-banking financial company (NBFC) based in India, specializing in mortgage lending. With an extensive footprint of 220 branches across 150 towns and cities, the company employs over 4,400 personnel, establishing itself as a key player in the housing finance sector. The company focuses on enhancing access to affordable housing and providing mid-market mortgage solutions, which has positioned it favorably amidst the increasing demand for housing finance in India.

Industry Overview in India

The housing finance segment in India holds significant potential, currently valued at approximately Rs 33 lakh crore ($372 billion). It is projected to more than double by the fiscal year 2030, driven by rising urbanization, improved affordability, and various government housing initiatives. With a strong focus on creating a housing sector that is inclusive and accessible to a larger population, the Indian government is implementing policies to support home ownership, particularly for lower and middle-income families.

Moreover, the increasing trend of urban migration has further fueled the demand for housing finance. As cities expand and more individuals seek home loans, financial institutions that cater to this de