SAMMAANCAPNSESammaan Capital LimitedHighNeutral
Announced Tue, 21 Apr · 18:58 IST

Sammaan Capital Limited has informed the Exchange regarding 'Further to our intimations dated April 1, 2026 and April 7, 2026, please find enclosed herewith the press release regarding successful closure of its previously announced tender offer to purchase for cash, upon the terms and subject to the conditions set forth in the Tender Offer Memorandum, in an aggregate principal amount up to U.S.$45,000,000 of the outstanding U.S.$450,000,000 7.5% Senior Secured Social Bonds due 2030 issued by the Company (the Bonds and such offer, the Tender Offer ). The press release regarding early tender deadline is enclosed herewith.

Debt PrepaidCredit & Debt View source PDF

SAMMAANCAP · price

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Price reaction · full curve 14 horizons · vs prior close
-3.1%1-day move
₹148.81
prior close
₹148.50
base price
After-mkt
timing
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-0.4-0.8-0.4-1.2-3.1-3.5-3.8-3.9-5.3-0.9-4.1+8.9+19.6+9.9
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AI summary

Sammaan Capital Limited has successfully completed the early tender deadline for its buyback of up to U.S.$45 million of its U.S.$450 million 7.5% Senior Secured Social Bonds due 2030. Bonds validly tendered exceeded the Maximum Purchase Amount, triggering a scaling factor of approximately 38.147%. The company accepted U.S.$45 million in aggregate principal amount and settlement is expected on April 24, 2026. Bondholders will receive U.S.$1,000 per U.S.$1,000 principal plus accrued and unpaid interest. Any bonds not accepted will remain outstanding and continue to accrue interest. The tender offer remains open until May 5, 2026.

Likely market impact

The buyback reduces the company's outstanding debt by 10%, providing early liquidity for bondholders at par value. This voluntary early redemption signals the company has sufficient cash to proactively manage its debt maturity profile.