Vishal Mega Mart promoter entity sells 14% stake for 7,635 cr

IHC, a global investment company focused on building dynamic value networks, today announced that it has successfully acquired a 70% stake in Peko Holdings Limited, a technology-driven company delivering an integrated digital platform designed to simplify and automate core business operations. The company will also become part of IHC’s newly formed financial services investment platform, Judan Financial, supporting the group’s broader growth ambitions in the sector. Gagan Banga, CEO and Managing Director of Sammaan Capital, said the partnership marks a new phase for the company, bringing capital strength and long-term alignment to support future growth, expand its reach, and continue delivering value to customers and stakeholders.

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SPARK, formerly known as SRTIP, was established in 2016 by the emirate’s ruler, Sheikh Dr. Sultan bin Mohammed Al Qasimi, and to date has over 7,500 companies registered under it, from healthcare to advanced manufacturing. The aim is to equip participants with the skills needed to adopt and scale AI solutions in real-world settings. “There are many who want to do things in the UAE but cannot come here, so we want to create a platform to allow them to be part of this.”

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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.

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“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 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.

• Defence planners increasingly view the island as a decisive pressure point if tanker traffic through Hormuz remains constrained — a step that could remove 1.5 to 2 million barrels per day of Iranian exports from global markets almost overnight.
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• Analysts say this widening gap between futures prices and physical delivery costs suggests headline oil benchmarks may still underestimate the scale of disruption building across global supply chains.
• Following the stake sale, Samayat Services LLP’s holding in Vishal Mega Mart (VMM) declined to 40.13 per cent, from 54.09 per cent.
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He explained the Park’s high-performance computing facilities, like the Sharjah Open Innovation Lab (SOILAB), as well as its network and relationship with outside partners will allow it to help provide companies with the support they need to grow. A new AI Hub has been launched in Sharjah aimed at accelerating AI adoption and will bring together infrastructure, partnerships and expertise into one ecosystem that supports companies looking to grow. Defence planners increasingly view the island as a decisive pressure point if tanker traffic through Hormuz remains constrained — a step that could remove 1.5 to 2 million barrels per day of Iranian exports from global markets almost overnight. Disruptions that began in South Asia are already spreading across wider energy markets, according to Wael Sawan, chief executive of Shell. The acquisition of Peko Holdings further strengthens IHC’s global portfolio and reinforces its commitment to backing businesses that enable economic participation, operational efficiency, and sustainable growth across diverse markets.

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 stake app strategic direction following the acquisition, which will amount to approximately 41.5 per cent.

Currently, IHC holds a 26.9 percent stake in the financial company, and the transaction will be executed in multiple stages in accordance with applicable Indian regulations, IHC said in a disclosure on the Abu Dhabi Securities Exchange, where it is listed. These entities purchased more than 29.42 crore shares or a 6.3 per cent stake in VMM at an average price of ₹117 per share, taking the aggregate value to ₹3,443.17 crore. According to the bulk deal data on the National Stock Exchange (NSE), Samayat Services LLP sold a total of 65.25 crore equity shares in two tranches, representing a 13.96 per cent stake, in Gurugram-based Vishal Mega Mart.

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.