SAMMAANCAPNSESammaan Capital LimitedMediumNeutral
Announced Thu, 26 Feb · 13:02 IST

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 February 23, 2026, Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) (the Company ) has today i.e. on February 26, 2026, allotted 7,000 secured, rated, listed, redeemable, non-convertible debenture (hereinafter NCDs or Debentures ) of the face value of INR 1,00,000 each aggregating to INR 70,00,00,000 (Indian Rupees Seventy Crore only) (hereinafter referred to as Issue ) on a private placement basis. For more details, refer attached PDF file.'.

Fund Raising View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has allotted 7,000 secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis on February 26, 2026. Each NCD has a face value of INR 1,00,000, aggregating the total issue size to INR 70 crore. The NCDs carry a fixed coupon rate of 9.05% per annum, payable semi-annually, with a re-issuance tenor of 9.89 years and a final maturity date of January 16, 2036. 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 principal and interest amount. The NCDs will be listed on NSE and BSE, and the proceeds will support the company's financing operations.

Likely market impact

This INR 70 crore NCD issuance helps the company raise long-term funds at a competitive 9.05% rate, strengthening its lending capacity. For shareholders, this is routine debt raising with no equity dilution, but it does add to the company's overall debt obligations over the next ~10 years.