Sammaan Capital Limited has successfully allotted non-convertible debentures (NCDs) worth ₹750 crore on a private placement basis. This allotment, dated 30 March 2026, involves 75,000 secured, rated, listed, redeemable NCDs, each with a face value of ₹1,00,000.
The debentures, which carry a fixed coupon rate of 9.75% per annum, are scheduled to mature on 3 April 2027. They are set to be listed on both the National Stock Exchange of India Limited and BSE Limited, providing investors with a secure and lucrative investment option.
The issuance is backed by a charge over the company’s financial and non-financial assets, ensuring a minimum asset/security cover of 1.0 times the principal amount and interest. This security arrangement is established through hypothecation in favour of the debenture trustee, with necessary consents obtained from relevant trustees for ceding pari passu charge.
In the event of a default in payment of interest or principal redemption, an additional interest of 2% per annum over the coupon rate will be payable for the defaulting period.
Sammaan Capital, previously known as Indiabulls Housing Finance Limited, continues to strengthen its financial position through strategic debt issuance, providing robust returns to its investors.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).