Sammaan Capital Limited has launched a systematic Non-Convertible Debentures (NCD) re-purchase program for securities maturing by July 31, 2026. This move follows the company’s recent partnership with International Holding Company (IHC), which now holds a 41.5% stake. By leveraging surplus liquidity, the firm aims to optimize its liability profile, reduce its cost of funds, and strengthen its financial structure under new strategic ownership.
Strategic Shift and Ownership Change
Following a preferential allotment of equity shares and warrants to Avenir Investment RSC Ltd., an affiliate of the Abu Dhabi-based International Holding Company (IHC), Sammaan Capital has officially become an IHC Group Company. With a market capitalization of USD 239 billion, IHC is now the company’s Promoter, providing strategic stewardship, enhanced financial flexibility, and access to global funding networks.
Details of the NCD Re-purchase Offer
The company’s Asset Liability Management Committee (ALCO) has authorized the re-purchase of outstanding NCDs at par value. The offer specifically targets holders of the ISINs listed in the annexure, covering securities with maturities up to July 31, 2026. This initiative is designed to be a dynamic and scalable program to rebalance obligations and improve long-term maturity alignment.
Participation and Future Outlook
Investors wishing to participate in this liability management exercise must initiate the process by emailing their intent to the company by April 15, 2026. All NCDs successfully acquired through this offer will be held as treasury stock until their respective maturity dates. Moving forward, the company intends to extend this program to include longer-dated maturities to further embed a structurally lower cost of borrowings and enhance overall balance sheet efficiency.
Source: BSE
