Sammaan Capital Ltd. Allots INR 750 Crore in Non-Convertible Debentures
Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) has allotted 75,000 secured, rated, listed, taxable, redeemable, fully paid-up non-convertible debentures (NCDs) on a private placement basis. The total value of the issuance is INR 750,00,00,000 (Indian Rupees Seven Hundred Fifty Crore only).The allotment, approved by the Board on September 3, 2025, and the Securities Issuance and Investment Committee on March 24, 2026, took place on March 30, 2026.
Key details of the issuance are as follows:
| Particulars | Re-Issuance ISIN - INE148I07SY1 (Permanent) |
|---|---|
| Issue size | INR 750 Crore |
| Security Name | 9.75% Sammaan Capital Ltd April 2027 Reissuance |
| Type of Securities | Secured, Rated, Listed, Taxable, Redeemable, Fully Paid-up Non-Convertible Debentures |
| Type of Issue | Private Placement of Non-Convertible Debentures |
| Proposed Listing | National Stock Exchange of India Limited and BSE Limited |
| Date of Allotment | March 30, 2026 |
| Tenor | Original - 3 Years, Re-Issuance - 1.01 Years (369 days) |
| Date of Maturity | April 3, 2027 |
| Coupon Rate | 9.75% p.a. Fixed Rate payable Annually |
The NCDs are secured by a charge on the financial and non-financial assets of the company, including investments, on a first pari-passu basis. A minimum asset/security cover of 1.0 times the principal amount and interest is being maintained.
In the event of default in payment of interest or principal, the company will pay additional interest at a rate of at least 2% per annum over the coupon rate for the defaulting period.
Illustrative Cash Flows per Debenture (Face Value of INR 1,00,000):
| Due Date | Payment Date | No of Days | Amount per NCD |
|---|---|---|---|
| March 30, 2026 | March 30, 2026 | 100615.2384 | |
| April 3, 2027 | April 3, 2027 | 364 | 109723.2900 |
Amit Jain, Company Secretary, made the disclosure on behalf of Sammaan Capital Limited.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.