Investment26 Feb 2026, 01:04 pm
Sammaan Capital Ltd Allocates INR 70 Crore NCDs on Private Placement Basis
AI Summary
Sammaan Capital Ltd (formerly known as Indiabulls Housing Finance Limited) has allotted 7,000 secured, rated, listed, redeemable, non-convertible debentures (NCDs) of the face value of INR 1,00,000 each, amounting to INR 70,00,00,000 on a private placement basis. The NCDs, referred to as the 'Issue', have a tenor of 9.89 years, maturing on January 16, 2036, and carry a fixed rate of 9.05% p.a., payable semi-annually. The securities are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.
Key Highlights
- Sammaan Capital Ltd allotted 7,000 NCDs worth INR 70,00,00,000 on a private placement basis.
- The NCDs carry a fixed rate of 9.05% p.a., payable semi-annually and have a tenor of 9.89 years.
- The securities are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.
- The NCDs are secured by a charge on the financial and non-financial assets, both present and future, and on present and future loan assets of the Company.
- In case of default in payment of interest and/or principal amount for a period of more than three months, additional interest of at least 2% p.a. over the coupon rate shall be payable by the company for the defaulting period.