On December 9, 2025, the Competition Commission of India (CCI) approved the acquisition of a certain shareholding of Sammaan Capital Limited (SCL/Target) by Avenir Investment RSC Ltd. (Avenir/Acquirer). The 'Proposed Combination' involves the acquisition of certain shareholding in the Target by the Acquirer. The Acquirer is a special purpose vehicle belonging to the IHC group. International Holding Company PJSC (IHC) is a public shareholding company incorporated in Abu Dhabi and manages a portfolio of domestic and foreign investments in various sectors. The Target is registered with RBI as a non-deposit taking non-banking financial company – investment and credit company (upper layer) that provides services, including retail loans, wholesale loans, loans to individuals and enterprises for business purposes, lease rental discounting facilities, investments, financing, and asset management services. The Target is also engaged in the business of lending/investments. Detailed order of the Commission will follow.
Release ID: 2201086, Visitor Panel: 495
Key Entities Referenced
Competition Commission of India (CCI): Approved the acquisition mentioned in the notice.
Sammaan Capital Limited (SCL/Target): The target company whose shares are being acquired.
Avenir Investment RSC Ltd. (Avenir/Acquirer): The acquiring company in the transaction.
Reserve Bank of India (RBI): Regulator with which the target is registered as a non-deposit taking non-banking financial company.
International Holding Company PJSC (IHC): The group to which the Acquirer belongs.
Competition Commission of India
CCI approves the acquisition of certain
shareholding of Sammaan Capital Limited
(SCL/Target) by Avenir Investment RSC Ltd.
(Avenir/Acquirer)
प्रव तथ: 09 DEC 2025 7:36PM by PIB Delhi
The Competition Commission of India has approved the acquisition of certain shareholding of Sammaan
Capital Limited (SCL/Target) by Avenir Investment RSC Ltd. (Avenir/Acquirer).
The ‘Proposed Combination’ involves the acquisition of certain shareholding in the Target by the Acquirer.
The Acquirer is a special purpose vehicle incorporated for the purpose of the Proposed Combination. It
belongs to the IHC group. International Holding Company PJSC (IHC) is a public shareholding company
incorporated in Abu Dhabi. It manages a portfolio of domestic and foreign investments in various sectors,
including but not limited to finance, healthcare, real estate, renewable energy, manufacturing and retail
and leisure.
The Target is registered with RBI as a non-deposit taking non-banking financial company – investment
and credit company (upper layer) which provides services such as retail loans to individuals for
construction, purchase, or renovation of residential or commercial property; wholesale loans to corporates
for construction of residential or commercial projects; loans to individuals, medium, small, and micro
enterprises (MSMEs), and corporates for business purposes; lease rental discounting facilities; as well as
investments, financing, asset management services, distribution of insurance products and such other
lending or allied financial activities. It is also engaged in the business of lending/investments
directly/indirectly through different structures including the purchase and sale of loans, investments, and
properties.
Detailed order of the Commission will follow.
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NB/PK
(रलीज़ आईडी: 2201086) आगंतुक पटल : 495
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