Sammaan Capital shares in focus after CARE raises rating to AA+/Stable

Sammaan Capital on Wednesday informed exchanges that CARE Ratings has upgraded the company’s long-term debt rating by two notches to ‘CARE AA+; Stable’, reflecting strengthening financial fundamentals and strategic backing from International Holding Company (IHC).

The company said the upgraded rating applies to the long-term debt programme of Sammaan Capital.

CARE Ratings also reaffirmed the company’s Commercial Paper and short-term non-convertible debentures ratings at ‘CARE A1+’. Additionally, the rating agency upgraded the company’s perpetual debt instruments rating to ‘CARE AA/Stable’ from ‘CARE A+’.

According to the company, CARE Ratings considered several factors while upgrading the ratings, including the strategic importance of Sammaan Capital in IHC’s roadmap for financial services business in India, IHC’s commitment to provide financial, strategic and operational support, and the company’s established track record in the mortgage finance business.

The rating agency also took note of Sammaan Capital’s experienced management team, comfortable capital structure supported by equity infusions and adequate liquidity buffers.

The company highlighted that following the preferential issue and acquisition of a controlling stake, International Holding Company (IHC), through its owned and controlled entity Avenir Investment RSC Ltd, became the promoter of the company.

Sammaan Capital further noted that CRISIL had also upgraded the company’s rating to AA+/Stable in April 2026, and the latest upgrade from CARE reflects the continued strengthening of its capital position and overall credit profile after IHC’s strategic investment.

Formerly known as Indiabulls Housing Finance Ltd, Sammaan Capital is engaged in mortgage finance and housing loan businesses. The company has been undergoing a strategic transformation following the entry of Abu Dhabi-based IHC as promoter.