IHC is taking responsibility for debt: Sammaan Capital MD & CEO Gagan Banga

Gagan Banga spoke to outline what the investment means for the company and how it plans to leverage this capital to expand its business

Following Abu Dhabi-based International Holding Company’s (IHC’s) announcement of an ~8,850 crore investment in Sammaan Capital for a little over a 41 per cent stake —which has triggered an open offer for the company — Gagan Banga, managing director and chief executive officer (MD & CEO) of Sammaan Capital spoke to Subrata Panda in a telephonic interview to outline what the investment means for the company, and how it plans to  leverage this capital to expand its business. Edited excerpts:

 

What does IHC bring to the table for Sammaan Capital?

 

Their size, heft, and the amount of capital they manage.