Sammaan Capital Allots ₹70 Crore NCDs Due Jan 2036 at 9.05% Coupon
Sammaan Capital Limited has allotted ₹70 Crore in secured, rated, listed, redeemable, non-convertible debentures. The NCDs mature on January 16, 2036, and carry a fixed coupon rate of 9.05% payable semi-annually. The allotment was made on February 26, 2026, via private placement.
The issuance of NCDs is a standard debt-raising mechanism for financial companies and is unlikely to have a significant immediate impact on the company's overall financial standing or stock price.
The announcement is a routine debt fundraising activity and does not contain any significant positive or negative financial performance indicators or strategic shifts.
Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has announced the allotment of 7,000 secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹70 Crore. The allotment was made on a private placement basis on February 26, 2026.
The NCDs carry a coupon rate of 9.05% per annum, payable semi-annually, and have a maturity date of January 16, 2036. The original tenor of the NCDs was 10 years, with this re-issuance having a tenor of approximately 9.89 years. The issue is proposed to be listed on both the National Stock Exchange of India Limited and BSE Limited.
These NCDs are secured by a charge via hypothecation in favor of the Debenture Trustee on the company's financial and non-financial assets, including investments and loan assets. A minimum asset/security cover of 1.1 times the principal amount and interest thereon is maintained. In case of default in payment of interest or principal, additional interest of at least 2% p.a. over the coupon rate will be payable for the defaulting period. The first interest payment date is scheduled for July 16, 2026.
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 low impact, the band that almost never moves a portfolio on its own.
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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.