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 March 15, 2024, read with resolution passed by the Securities Issuance and Investment Committee on August 11, 2025, Sammaan Capital Limited (formerly Known as Indiabulls Housing Finance Limited) (the Company ) has today i.e. on August 14, 2025, allotted 9,000 Secured, Rated, Listed, Taxable, Redeemable, Fully Paid-Up Non-Convertible Debentures of face value ₹ 1,00,000/- (Rupees One Lakh only) each, aggregating to ₹ 90,00,00,000/- (Rupees Ninety Crore only), on a private placement basis.'.For details, refer PDF file.
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Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has allotted 9,000 secured, rated, listed, taxable, redeemable, fully paid-up Non-Convertible Debentures (NCDs) of face value ₹1,00,000 each on a private placement basis, raising a total of ₹90 crore. The NCDs carry a coupon rate of 9.60% per annum, payable annually and at maturity, with a 10-year tenor maturing on August 14, 2035. The issue is secured by a first pari-passu charge on the company's financial and non-financial assets, including loan receivables, with a minimum asset cover of 1.1 times. The NCDs will be listed on NSE and BSE.
This is a routine debt-raising exercise that adds ₹90 crore to the company's funding base at a competitive 9.60% rate, supporting its lending operations. It is a private placement, so there is no dilution for equity shareholders, though it increases the company's overall debt obligations to be repaid over 10 years.