Vishal Mega Mart promoter entity sells 14% stake for 7,635 cr
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We see strong potential for Peko to scale regionally and globally, particularly as AI becomes increasingly embedded in enterprise operations.” This acquisition strengthens our digital services portfolio and advances our strategy of building integrated value networks across high-growth sectors. The transaction, valued at approximately $1 billion (Dh3.6 billion), will see the remaining stake acquired through share warrants over an 18-month period. The Abu Dhabi investment firm will have rights to appoint a majority of Sammaan Capital’s board and play an active role in its strategic direction following the acquisition, which will amount to approximately 41.5 per cent.
“The reality of the physical market disruption is really hard to ignore,” said Ben Cahill, director for energy markets and policy at the University of Texas at Austin. The war involving Iran is entering a far more dangerous phase for the global economy, with energy markets now bracing for a potential strike on Kharg Island — Tehran’s main oil export hub — that analysts warn could trigger a full-scale supply shock within weeks if the conflict intensifies further. The nation of 175 million people relies on imports for about 95% of its energy needs and is scrambling to secure supplies as state-run agencies turn to volatile global markets. With IHC’s scale, long-term perspective, and strategic support, we are well positioned to accelerate innovation, expand into new markets, and deliver greater value to SMEs stake bet worldwide.” The acquisition aligns with IHC’s strategy of investing in category-defining platforms with strong governance, clear paths to scale, and the ability to generate long-term, sustainable value across global markets.
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- With IHC’s scale, long-term perspective, and strategic support, we are well positioned to accelerate innovation, expand into new markets, and deliver greater value to SMEs worldwide.”
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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.
IHC to acquire 41.5% stake in India’s Sammaan Capital for Dh3.6 billion
Following the completion of all stages, IHC will be classified as a promoter of Sammaan Capital, reinforcing its strategic expansion into India’s financial services sector. In addition, a mandatory tender offer will be launched to acquire up to 26 per cent of the company’s expanded share capital from public shareholders, in compliance with Indian securities regulations. Abu Dhabi-based International Holding Company has announced it has received “all requisite regulatory approvals” to acquire a majority stake in Sammaan Capital, an Indian private housing finance company, for a total transaction value of Dh3.6 billion. The current CoinMarketCap ranking is #1345, with a live market cap of $3,486,122 USD.
According to the exchange filing, upon completion of an open offer (announced at ₹139 per fully paid equity share), and assuming full uptake in the open offer, IHC, through Avenir will hold 63.3 per cent stake in Sammaan Capital. Sammaan Capital has already received an initial tranche of ₹5,652 crore, equivalent to about $600 million, towards the allotment. Stake is authorised to offer Shariah compliant investments. All investments through Stake carry risk and are not guaranteed. Stake platform consists of the website (Stake ) and mobile app. Past performance is not a reliable indicator of future results.
Spare global production capacity — estimated at only 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.