Sammaan Capital Allots ₹280 Crore in NCDs Across Two Series
Sammaan Capital Limited has allotted ₹280 Crore in Non-Convertible Debentures (NCDs) on March 5, 2026. This includes ₹125 Crore in Series I NCDs (8.8570% coupon, maturing Dec 2030) and ₹155 Crore in Series II NCDs (9.20% coupon, maturing Mar 2036). The NCDs are secured and will be listed on NSE and BSE.
The allotment of NCDs of ₹280 Crore indicates successful fundraising, which can positively impact the company's liquidity and financial flexibility. However, it is a debt instrument and does not directly represent equity growth.
The announcement is a routine debt fundraising activity and does not contain any significantly positive or negative news.
Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) announced the allotment of Non-Convertible Debentures (NCDs) on a private placement basis on March 5, 2026. The company has issued Series I NCDs aggregating to ₹125 Crore and Series II NCDs aggregating to ₹155 Crore, bringing the total issue size to ₹280 Crore.
The Series I NCDs have a coupon rate of 8.8570% per annum, payable quarterly, with a maturity date of December 9, 2030. The Series II NCDs carry a coupon rate of 9.20% per annum, payable annually, and mature on March 5, 2036.
Both series of NCDs are secured, rated, listed, and redeemable. The NCDs are secured by a charge on the company's financial and non-financial assets, including investments and loan assets, on a first pari-passu basis with other secured lenders. A minimum asset cover of 1.1 times the principal and interest amount is maintained. The NCDs are proposed to be listed on the National Stock Exchange of India (NSE) and BSE Limited (BSE).
What to do with a filing like this
Sammaan Capital Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Sammaan Capital Limited. Read the original for the full detail.