Sammaan Capital has announced the allotment of secured, rated, listed, and taxable Non-Convertible Debentures (NCDs) totaling ₹300 Crore on a private placement basis. This includes ₹200 Crore in Series I NCDs and ₹100 Crore in Series II NCDs. The allotment was finalized on December 9, 2025, following board authorization. The NCDs are listed on the National Stock Exchange of India Limited and BSE Limited.
NCD Allotment Details
Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) has successfully allotted secured, rated, listed, and taxable Non-Convertible Debentures (NCDs) aggregating to ₹300 Crore. The allotment occurred on December 9, 2025, based on the board’s authorization from September 3, 2025, and the Securities Issuance and Investment Committee resolution on December 4, 2025.
Series I and Series II NCDs
The issuance includes two series of NCDs:
Series I NCDs: 20,000 secured NCDs with a face value of ₹1,00,000 each, totaling ₹200 Crore (Indian Rupees Two Hundred Crores only). ISIN: INE148I07YI2. The coupon rate is 8.7923% p.a. with a fixed rate. Maturity Date: December 9, 2030.
Series II NCDs: 10,000 secured NCDs with a face value of ₹1,00,000 each, totaling ₹100 Crore (Indian Rupees One Hundred Crores only). ISIN: INE148I07YH4. The coupon rate is 8.8570% p.a. with a fixed rate. Maturity Date: December 9, 2030.
Security and Asset Cover
The NCDs are secured by a charge on the company’s financial and non-financial assets, both present and future, including loan assets. This creates a minimum asset/security cover of 1.1 times the principal amount and interest thereon, ensuring investor security. These NCDs have been given a pari passu charge on the Hypothecated Properties along with other secured lenders to the Issuer holding pari-passu charge over the security.
Interest Payment Schedule
Series I: Monthly interest payments, beginning January 9, 2026, and maturing on December 9, 2030.
Series II: Quarterly interest payments, beginning March 9, 2026, and maturing on December 9, 2030.
Source: BSE
