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 September 29, 2025, Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) (the Company ) has allotted secured, rated, listed, taxable, redeemable, non-convertible debentures of the face value of ₹ 1,00,000/- (Rupees One Lakh only) each, with a issue size aggregating up to ₹ 135 Cr'.
SAMMAANCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has allotted secured, rated, listed, taxable, redeemable, fully paid-up Non-Convertible Debentures (NCDs) on a private placement basis, aggregating to ₹135 Crores, with a face value of ₹1,00,000 each. 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 securities are 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 are proposed to be listed on NSE and BSE, and the allotment was made on September 29, 2025, pursuant to board and Securities Issuance and Investment Committee authorizations.
This ₹135 Crore NCD issuance helps the company raise long-term debt at a competitive 9.60% coupon, supporting its lending business. The dilution to equity shareholders is nil since these are pure debt instruments, and the additional borrowings may marginally increase the company's leverage and interest obligations.