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 July 30, 2025, Sammaan Capital Limited (formerly Known as Indiabulls Housing Finance Limited) (the Company ) has today i.e. on August 04, 2025, allotted 5,000 Secured, Rated, Listed, Taxable, Redeemable, Fully Paid-Up Non-Convertible Debentures of face value ₹ 1,00,000/- (Rupees One Lakh only) each, aggregating to ₹ 50,00,00,000/- (Rupees Fifty Crore only), on a private placement basis.For details, refer attachment.'.
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Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has allotted 5,000 Non-Convertible Debentures (NCDs) on a private placement basis, raising ₹50 Crores in total. Each NCD has a face value of ₹1,00,000 and carries a coupon rate of 9.20% per annum, payable quarterly. The debentures have a 3-year tenure with maturity on August 4, 2028, and are secured by a first pari-passu charge on the company's financial assets, non-financial assets, and loan receivables, with a minimum asset cover of 1.1 times. The NCDs will be listed on both NSE and BSE.
This is a routine debt-raising exercise by the company to bolster its funding. The 9.20% coupon indicates current market borrowing costs. For equity shareholders, this is a minor dilution-free event, but it adds to the company's overall debt servicing obligations over the next three years.