Sammaan Capital Allots ₹750 Cr in Non-Convertible Debentures

Sammaan Capital Limited has successfully allotted 75,000 Secured, Rated, Listed, Taxable, Redeemable, Fully Paid-up Non-Convertible Debentures (NCDs) on a private placement basis. The allotment comprises three series, with each series aggregating to INR 250 Crores, totaling INR 750 Crores. The NCDs carry coupon rates of 9.75%, 9.45%, and 9.05% per annum for Series I, II, and III respectively, with maturity dates in April 2028, June 2028, and September 2029. The issuance is secured by a charge on the company's financial and non-financial assets, with a minimum asset cover of 1.10 times the principal and interest. These NCDs are proposed to be listed on both the National Stock Exchange of India Limited and BSE Limited.