CARE Ratings Upgrades Sammaan Capital Ltd Ratings Following IHC Strategic Investment
Sammaan Capital Ltd. received a significant credit rating upgrade from CARE Ratings, following strategic investments and the change in promoter status. The rating action highlights the strengthening financial profile of the company.CARE Ratings upgraded the credit rating assigned to Sammaan Capital Limited's long-term debt programme by two notches to 'CARE AA+; Stable'. In addition, the rating assigned to the Company's perpetual debt instruments was also upgraded to 'CARE AA/Stable' from 'CARE A+'.
The ratings action also reaffirmed the rating for the Commercial Paper and Short-Term Non-Convertible Debentures at 'CARE A1+'.
The key ratings actions are summarized below:
| Instrument Type | Previous Rating | New/Reaffirmed Rating | Action |
|---|---|---|---|
| Long-term Debt Programme | N/A | CARE AA+; Stable | Upgraded (by two notches) |
| Perpetual Debt Instruments | CARE A+ | CARE AA/Stable | Upgraded |
| Commercial Paper & ST NCDs | CARE A1+ | CARE A1+ | Reaffirmed |
CARE Ratings noted several factors contributing to the upgrade, including the strategic importance of Sammaan Capital Ltd. (SCL) in International Holding Company's (IHC) roadmap for its financial services business in India. The rating agency cited IHC's commitment to providing financial, strategic, and operational support to SCL.
Furthermore, CARE Ratings took into account the Group's established track record in the mortgage finance business, the experienced Board and management team, a comfortable capital structure supported by equity infusions over the years, and adequate liquidity buffers.
The Company recently saw International Holding Company (IHC), through its owned and controlled company, Avenir Investment RSC Ltd, become the promoter following the preferential issue and acquisition of a controlling stake.
This rating upgrade further reflects the positive impact of the strategic investment by IHC and the consequent strengthening of Sammaan Capital Ltd.'s capital position, financial profile, and overall credit fundamentals. Previously, CRISIL had upgraded the Company's rating to AA+/Stable on April 9, 2026, signifying the continued upward rating trajectory for the company.
SAMMAANCAP Stock Price Movement
On Tuesday, Sammaan Capital Limited shares slipped by 3.54% to settle at ₹139.41, marking a noticeable dip in the Financial Services sector. The equity found support on 10.47 million shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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