The Hundred: Seattle Orcas co-owner S Somasegar says acquiring a stake a in Southern Brave a ‘special’ opportunity BBC Sport

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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. 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. 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.

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