Gurugram, January 28, 2025 – Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited, NSE: SAMMAANCAP, BSE: 535789) has announced the allotment of 4,900 Secured, Rated, Listed, Taxable, Redeemable Non-Convertible Debentures (NCDs), raising ₹49 crore through a private placement.
Key Details of the NCD Issuance
Particulars
Details
Total Issue Size
₹49 Crore
Security Name
Series I Re-Issue – 9.75% Sammaan Capital Limited April 2027
Type of Securities
Secured, Rated, Listed, Taxable, Redeemable NCDs
Issue Type
Private Placement
Listing
NSE & BSE
Allotment Date
January 28, 2025
Maturity Date
April 3, 2027
Coupon Rate
9.75% per annum (payable annually)
Tenor
2.18 years
Minimum Asset Cover
1.0 times on principal and interest
Security Details
Hypothecation of financial and non-financial assets, including present and future loan receivables
Default Clause
In case of payment default, an additional 2% p.a. interest over the coupon rate will apply
Coupon Payment Schedule
Date
Coupon Amount (₹ per unit)
April 4, 2025
₹9,750
April 4, 2026
₹9,750
April 3, 2027
₹9,723.29
Principal Repayment (April 3, 2027)
₹1,00,000
Strategic Implications & Market Outlook
This ₹49 crore NCD issue is part of Sammaan Capital’s broader funding strategy to strengthen its capital base and expand lending operations. The company’s focus remains on secured lending and mortgage-backed financing, leveraging its existing asset base for fund mobilization.