IHC ABU DHABI
Odisha govt's investor outreach event in UAE huge success, opened doors for huge FDI: CM Majhi
Odisha's Chief Minister Mohan Charan Majhi reported a successful UAE business trip. The state secured investment proposals exceeding Rs 2.43 lakh crore. These proposals span various key sectors and aim for economic diversification. The initiative generated 24 MoUs and investment intents from global investors. This outreach is expected to create over 6.18 lakh direct employment opportunities.
Indian states step up Gulf investor push as UAE becomes gateway to global markets
Several Indian states are actively seeking investments from the United Arab Emirates. They are offering customized incentives and industrial land to attract foreign capital. These states aim to use the UAE as a gateway for broader global market access. Madhya Pradesh and Odisha are leading this investment drive with specific sector focuses. Punjab and Bihar are also actively engaging UAE businesses for economic growth.
Adani-IHC foray may rejig India's aluminium market mix
Adani Group is set to disrupt India's aluminium market with an $11.5 billion venture, challenging Hindalco and Vedanta. The project, slated to add nearly 50% to national output in five years, leverages Adani's low-cost energy advantage. This significant expansion aims to meet rising domestic demand, with a substantial portion of bauxite sourced from Odisha, creating over 53,000 jobs.
India, UAE groups ink pact for $11.5 billion Indian aluminium project
India's Adani Group and Abu Dhabi's International Holding Company are looking to invest $11.5 billion in a massive aluminum project in the eastern state of Odisha, the Indian conglomerate said on Thursday. The two parties signed a memorandum of understanding with the Odisha state government, Adani said in a statement, with the proposed investment set to be India's "largest foreign direct investment in the metallurgy sector".
Adani Enterprises, Odisha govt sign pact for Rs 1.08 lakh crore aluminium plant with IHC
Adani Enterprises is set to invest a massive Rs 1.08 lakh crore in Odisha for a new greenfield aluminium project, in partnership with Abu Dhabi's IHC. This significant venture aims to boost India's aluminium production by nearly 50%, featuring a large-scale refinery, smelter, and downstream park. The project, supported by substantial power generation, is expected to create over 50,000 jobs, marking a major FDI in India's metal sector.
Adani, IHC plan to forge $11.5 billion aluminium unit
Adani Group and Abu Dhabi's International Holding Company are set to invest a massive $11.5 billion in a new Odisha aluminium plant. This ambitious project, aiming for over 2 million tonnes annual capacity, could significantly boost India's aluminium production by nearly 50%.
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Sammaan in loss as impairments surge in 4th quarter
Sammaan Capital, formerly Indiabulls Housing Finance, reported a significant loss of ₹8,101 crore for the March quarter. Revenue from operations declined while impairments on financial assets surged. The company has completed a transaction with Abu Dhabi's IHC Group, which now holds a substantial equity stake. Sammaan Capital received substantial funds from this transaction.
Sammaan Capital shares jump 4% after IHC becomes promoter with Rs 5,652 cr initial investment
Sammaan Capital is set to transform into a diversified NBFC following a significant Rs 5,652 crore transaction with Abu Dhabi-based IHC. IHC's affiliate will acquire a 41.5% stake, becoming a promoter. This strategic move aims to expand Sammaan Capital's product offerings beyond mortgages and double its asset base within three years.
Sammaan Capital becomes IHC Group company, receives Rs 5,652 cr in first tranche of stake sale
Sammaan Capital has officially become an International Holding Company group firm after receiving Rs 5,652 crore in the first tranche of a major stake sale. Through affiliate Avenir Investment RSC, IHC will acquire 41.5% now and complete the remaining investment upon warrant conversion, marking one of India’s largest NBFC-sector deals.
Sammaan Capital shares soar 8% after RBI approves acquisition by Abu Dhabi's IHC
Sammaan Capital share price surged 8% as RBI greenlit a significant 66.65% stake acquisition by Abu Dhabi's Avenir Investment RSC. This deal, involving an Rs 8,850 crore preferential issue, marks a major Middle Eastern investment in India's financial sector. However, the RBI imposed conditions, including a ban on public deposit raising, with SEBI's final nod pending.
RBI approves Avenir acquisition of Sammaan Capital
The Reserve Bank of India has greenlit Avenir Investment RSC's acquisition of a significant stake in Sammaan Capital. This substantial deal, valued at ₹7,700 crore, marks a major Middle Eastern investment in India's financial services. RBI has imposed specific conditions, including restrictions on deposit-taking and a one-year timeline for share transfer, ensuring regulatory oversight.
2025: A year of large cross-border deals in India's financial sector
India's financial sector is experiencing a surge in major deals during 2025. Foreign banks are actively acquiring significant stakes in Indian lenders. These transactions, totaling $8 billion by September, mark a substantial increase. Key deals include MUFG's investment in Shriram Finance and Emirates NBD's acquisition of RBL Bank. Other notable investments involve SMBC, Blackstone, and Warburg Pincus.
Abu Dhabi's IHC seeks CCI nod to buy 43% stake in Sammaan Capital for $1 billion
Abu Dhabi's International Holding Company is set to acquire a 43.46% stake in Sammaan Capital for a substantial USD 1 billion. This significant investment, channeled through its affiliate Avenir Investment RSC Ltd, marks IHC's entry into India's financial services sector. The deal, approved by Sammaan Capital's shareholders, aims to bolster lending and credit solutions with AI integration.
Sammaan raises $450 million via overseas bond issue
Sammaan Capital, formerly Indiabulls Housing Finance, has successfully raised $450 million through a five-year dollar bond. This marks their first international issuance after a significant investment from Abu Dhabi's International Holding Company. The bond was issued at a coupon of 7.50%. Investor demand was robust, with the issue being oversubscribed more than three times.
Sammaan Capital shares in focus as IHC acquires controlling stake for Rs 8,850 crore
Sammaan Capital shares: Abu Dhabi’s International Holding Company (IHC) announced plans to acquire a 43.5% stake for ₹8,850 crore via preferential allotment of shares and warrants at ₹139 each. The deal will make IHC the new promoter, triggering a mandatory open offer for an additional 26% stake. Post-investment, IHC will control board appointments, subject to regulatory approvals.
UAE-listed stocks top $1 trillion in value for the first time
The combined value of stocks listed in the United Arab Emirates has surpassed $1 trillion for the first time. This milestone is largely attributed to a surge in companies linked to Sheikh Tahnoon bin Zayed Al Nahyan, a prominent Abu Dhabi royal, and a wave of new listings in the country.
IHC raises stake in Adani Enterprises
IHC boosted its holding in Adani Group flagship AEL to more than 5% from the 3.53% stake it first acquired in May 2022 for ₹7,700 crore. The investor last week disclosed that it would sell its stakes in Adani Green Energy and Adani Energy Solutions (formerly Adani Transmission).
Abu Dhabi's IHC set to exit two Adani companies, signs definitive pact
While IHC did not disclose the name of the buyer and the value of the deal, people with knowledge of the matter said the investor could be exiting at a steep loss given that stocks of both Adani Green Energy and Adani Energy Solutions (formerly Adani Transmission) were trading much below the price at which it had invested in the companies last year.
Abu Dhabi’s IHC to sell its investments in 2 Adani group companies
The decision to sell off the investment is part of the company’s plan to rebalance its overall portfolio strategy, IHC said.
Abu Dhabi's IHC to dispose investment in Adani Green Energy and Adani Transmission
The company is currently completing all required procedures and obtaining all necessary regulatory approvals to implement the signed transaction, Reuters reported.
Adani reaches out to Abu Dhabi Inc for capital infusion
Senior representatives of the group, led by chairman Gautam Adani, Group CFO Jugeshinder Singh and other executives have been in the Middle East for the past week. Meetings have also been held with Abu Dhabi Investment Authority (ADIA) and other sovereign wealth funds (SWF) of Abu Dhabi, those cited above told ET.
Adani’s Abu Dhabi investor says FPO funds have been returned
The funding from IHC, which is controlled by a key member of the emirate’s royal family, would have represented about 16% of the offering and would have built on an almost $2 billion investment in Adani’s companies last year
Adani Group loses 29% market value in 3 days as carnage continues
The massive sell-off in Adani Group stocks continued for the third consecutive session on Monday, wiping out nearly Rs 1.4 lakh crore worth of investors’ wealth. In all, about 29% of the group’s market capitalisation, or about Rs 5.6 lakh crore, has been eroded in the last three trading sessions.
Gautam Adani’s Abu Dhabi backer says business decisions based on facts
“Our business decisions are purely based on an analysis of objective facts,” said Ahmad Ibrahim, a spokesman for IHC, in a statement to Bloomberg. That’s “aided by the use of business intelligence and our analytics tools, which help us to achieve the maximum benefits for our shareholders under the corporate governance regulation.”
IHC, ADIA among bidders for Adani’s $2.5 billion share sale
Mubadala Investment Co PJSC, BNP Paribas SA have also bid, the people said, asking not to be identified as the details aren’t public. The so-called anchor book for Adani Enterprises Ltd. was oversubscribed by 1.8-2 times, the people added.
Abu Dhabi's ADQ manages $157 billion assets: Global SWF
The smallest of Abu Dhabi's three main sovereign wealth funds, ADQ has emerged as one of the region's most active dealmakers, and Global SWF suggested it could even merge in future with Mubadala Investment Company, Abu Dhabi's second-biggest SWF.
Abu Dhabi's IHC invests Rs 15,400 crore in Adani group firms
Syed Basar Shueb, CEO and Managing Director of IHC, said, "This strategic expansion of our business aligns with IHC's commitment to broadening and diversifying our investment portfolio. There is no doubt that this transaction will directly and positively impact India's overarching ambition for long-term plans for clean energy".
Abu Dhabi's IHC to invest $2 billion in three Adani Group companies
The investment will happen through the preferential allotment route. The capital will be utilized for pursuing the growth of the respective businesses, further strengthening of the balance sheet and for general corporate purposes.
IHC subsidiary Multiply to list directly on Abu Dhabi's main market
IHC, which has a market capitalisation of $75 billion, is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates' national security adviser and a brother of the country's de facto ruler Abu Dhabi Crown Prince Mohammed bin Zayed.
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