Sammaan Capital Limited has informed the Exchange regarding 'Pursuant to the applicable provisions of the Listing Regulations, we wish to inform that in terms of the Board authorization dated September 3, 2025, read with resolution passed by the Securities Issuance and Investment Committee on March 24, 2026, Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) (the Company ) has today i.e. on March 30, 2026, allotted 75,000 secured, rated, listed, redeemable, non-convertible debenture (hereinafter NCDs or Debentures ) of the face value of INR 1,00,000 each aggregating to INR 750,00,00,000 (Indian Rupees Seven Hundred Fifty Crore only) (hereinafter referred to as Issue ) on a private placement basis. Refer attached PDF for more details.'.
SAMMAANCAP · price
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On the reaction day the stock moved 2.1 pts more than Nifty Smallcap 250 and 2.5 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has allotted 75,000 secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis, raising INR 750 crore in total. Each NCD has a face value of INR 1,00,000, carries a fixed coupon of 9.75% per annum payable annually, and matures on April 3, 2027 (tenor of about 1 year). The NCDs are secured by a first pari-passu charge on the company's financial and non-financial assets, including present and future loan receivables, with a minimum asset cover of 1.0 times the principal and interest. The debentures are proposed to be listed on both NSE and BSE, and in case of default an additional 2% per annum over the coupon will be payable.
This is a routine debt-raising exercise — the company has successfully mobilised INR 750 crore from private investors at a 9.75% rate. For existing shareholders, this is neither dilutive (no equity issued) nor materially positive; it does add to the company's overall debt obligations and interest expense, but the tenure is short and the issue was clearly placed, indicating steady lender/investor appetite.