Sammaan Capital (formerly Indiabulls Housing Finance) has clarified it is not an accused party in the ongoing CBI probe involving its former promoter, Sameer Gehlaut. The company stated that the Economic Offences Wing confirmed all relevant loans were repaid. This update comes as the firm focuses on its post-restructuring financial health, including an upgraded credit rating and recent asset management updates.
Sammaan Capital, formerly known as Indiabulls Housing Finance, has officially addressed the ongoing legal investigations surrounding its former promoter, Sameer Gehlaut. In a statement released on Tuesday, the firm clarified that it is not an accused party in the case but is instead considered a victim in the context of specific legacy financial transactions. This update follows a Supreme Court directive tasking the Central Bureau of Investigation (CBI) with an independent probe into allegations stemming from a First Information Report (FIR) initially filed by the Delhi Police’s Economic Offences Wing (EOW) in December 2025.
Legal counsel for the company emphasized that the CBI investigation is focused on the actions of the erstwhile promoter and several external corporate groups, rather than the company itself. A significant point in the company’s favor is a status report submitted by the EOW on August 11, 2026. This document confirmed that all loans mentioned in the public interest litigation (PIL)—which involved several large borrower groups—have been fully repaid to Sammaan Capital with interest, effectively closing those account entries.
For investors, understanding the company’s current structure is important. Sameer Gehlaut divested his entire shareholding and ceased to be the promoter in 2023. The company is now backed by Abu Dhabi-based International Holding Company (IHC), which has supported the firm with an ₹8,850 crore capital infusion. This change in ownership has been a major factor in the company’s recent operational updates, including an upgrade to its long-term credit rating to AA+ with a stable outlook.
Financially, Sammaan Capital has been working to reshape its balance sheet. In its results for the first quarter of the 2027 financial year, the company reported an Assets Under Management (AUM) of ₹56,239 crore. Additionally, the company recently completed a cash tender offer to buy back $18 million of its 9.70% Senior Secured Social Bonds due 2027, an action aimed at managing its debt profile.
Despite these updates, regulatory and judicial uncertainty remains a factor. The Supreme Court-ordered CBI investigation is an ongoing process, and any new information or developments that emerge from this probe will be a key monitorable for stakeholders. Investors will likely track how the company balances its ongoing operations and debt management while navigating the residual legal scrutiny associated with its former promoter.