The shares of Sammaan Capital Restricted had been buying and selling at ₹118.95 down by ₹2.53 or 2.08 per cent on the NSE in the present day at 12.02 pm.
Sammaan Capital Restricted (previously Indiabulls Housing Finance) introduced the launch of secured, redeemable non-convertible debentures (NCDs) value ₹300 crore. The general public situation opens on February 27 and closes on March 12, 2025.
The bottom situation dimension is ₹100 crore with a inexperienced shoe possibility of ₹200 crore, a part of the corporate’s bigger ₹2,000 crore shelf restrict. The NCDs will supply a number of funding choices with tenures starting from 24 to 120 months.
Rates of interest range between 8.88 per cent and 10.75 per cent every year, with larger charges provided to retail traders (Classes III and IV). The debentures will function annual, month-to-month, and cumulative curiosity cost choices, with a minimal utility requirement of ₹10,000.
The Securities Issuance and Funding Committee authorised the problem on February 20. The NCDs will probably be secured by a primary rating pari passu cost on the corporate’s monetary and non-financial belongings with a minimal safety cowl of 1.25 instances.
The difficulty has acquired “CRISIL AA/Secure” and “[ICRA]AA (Secure)“ scores. The debentures will probably be listed on each BSE (the designated inventory trade) and NSE after allotment.
- Additionally learn: Inventory Market Stay Updates 21 February 2025: Sensex, Nifty dip; analysts count on range-bound commerce amid lack of triggers
