Sammaan Capital to repurchase NCDs up to March 2027 at par
Sammaan Capital will repurchase NCDs maturing up to March 31, 2027, at par. This initiative aims to reduce the cost of funds and optimize liabilities following a CRISIL AA+/Stable upgrade. Interested NCD holders can participate by writing to bondpurchase@sammaancapital.com before May 15, 2026.
The repurchase of NCDs at par can impact the company's debt profile and cost of funds. The upgrade to CRISIL AA+/Stable is also a significant development that could positively influence future funding.
The announcement details a debt buyback program which is a routine liability management activity. While the CRISIL upgrade is positive, the buyback itself is a neutral financial maneuver.
Sammaan Capital Limited (SCL), formerly Indiabulls Housing Finance Limited, has announced a program to repurchase its privately placed Non-Convertible Debentures (NCDs) with varying maturities, including those maturing up to March 31, 2027. This initiative, approved by the Asset Liability Management Committee (ALCO), aims to reduce the company's cost of funds and optimize its liability profile.
The repurchase will be conducted at par through the exchange mechanism. The NCDs acquired will be held as treasury stock until maturity. This move is part of SCL's disciplined approach to liquidity and liability management and follows its upgrade to CRISIL AA+/Stable on April 10, 2026, which is expected to lower its funding costs and improve access to larger funding pools.
This structured liability management program is designed to rebalance obligations, improve maturity alignment, and strengthen the company's financial flexibility and balance sheet. Holders of the specified NCDs interested in participating in this offer can initiate the transaction process by writing to bondpurchase@sammaancapital.com anytime before May 15, 2026.
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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.