Sammaan Capital Limited announced today the successful allotment of ₹775 crore through a private placement of Secured, Rated, Listed, Taxable, Redeemable, Fully Paid-Up Non-Convertible Debentures (NCDs). The issuance comprises two series: Series I for ₹500 crore and Series II for ₹275 crore, with coupon rates of 9.05% and 9.10% respectively. These NCDs are set to be listed on the National Stock Exchange of India Limited and BSE Limited.
Sammaan Capital Secures ₹775 Crore Through NCD Issuance
Sammaan Capital Limited has successfully completed the allotment of ₹775 crore via a private placement of Non-Convertible Debentures (NCDs). This significant fundraising initiative was authorized by the board on May 20, 2026, and further approved by the Securities Issuance and Investment Committee on September 8, 2026. The allotment was finalized on September 11, 2026.
Series I Debentures
Under Series I, the company has allotted 50,000 secured, rated, listed, taxable, redeemable, fully paid-up NCDs, each with a face value of INR 1,00,000. This tranche aggregates to INR 500 crore. These debentures carry a coupon rate of 9.05% per annum payable annually and have a tenor of 3 years, maturing on September 11, 2029.
Series II Debentures
The Series II issuance consists of 27,500 secured, rated, listed, taxable, redeemable, fully paid-up NCDs, also with a face value of INR 1,00,000 each. This series raises INR 275 crore and features a slightly higher coupon rate of 9.10% per annum payable annually. These debentures have a tenor of 5 years, maturing on September 11, 2031.
Listing and Security
Both Series I and Series II Debentures are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited, providing liquidity for investors. The securities are secured by a charge created by way of hypothecation in favor of the Debenture Trustee on the company’s financial and non-financial assets, both present and future, including loan assets. A minimum asset/security cover of 1.10 times the principal amount and interest thereon is maintained.
Interest and Principal Repayment
The coupon payments for both series are scheduled to be made annually. For Series I, the coupon payment due dates are September 11, 2027, September 11, 2028, and the final payment of the 3rd Coupon plus maturity on September 11, 2029. For Series II, coupon payments are due on September 11, 2027, September 11, 2028, September 11, 2029, September 11, 2030, with the 5th Coupon and principal repayment on September 11, 2031. In case of default, additional interest of at least 2% p.a. over the coupon rate will be payable.
Source: BSE
