Abu Dhabi fund to buy 41% in NBFC Sammaan for $1 billion
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Abu Dhabi's International Holding Company (IHC) will acquire a 41.2% stake in Sammaan Capital (formerly Indiabulls Housing) for Rs 8,850 crore, marking India's largest foreign investment in the NBFC sector. This $1 billion deal triggers an open offer, potentially increasing IHC's holding to 63.4% and classifying it as a promoter with board control. What's Your Reaction?
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