Allots 75,000 Secured NCDs on Private Placement Raising INR 750 Crore Across Three Series
Sammaan Capital allotted 75,000 secured, rated, listed NCDs of face value INR 1,00,000 each on private placement, raising INR 750 crore in total.
- Total NCD Allotment
- 75,000 secured, rated, listed NCDs of face value INR 1,00,000 each
- Total Funds Raised
- INR 750 crore
- Series I
- INR 250 Crore, 9.75% coupon, maturing April 12, 2028
- Series II
- INR 250 Crore, 9.45% coupon, maturing June 19, 2028
- Series III
- INR 250 Crore, 9.05% coupon, maturing September 11, 2029
What happened
Sammaan Capital allotted, on September 25, 2026, a total of 75,000 secured, rated, listed, taxable, redeemable, fully paid-up non-convertible debentures of face value INR 1,00,000 each on a private placement basis. This follows Board authorisation dated May 20, 2026 and a Securities Issuance and Investment Committee resolution dated September 22, 2026.
The three series (all re-issuances)
- Series I: 25,000 NCDs aggregating INR 250 Crore, coupon 9.75% per annum payable annually, maturity April 12, 2028, re-issuance tenor 1.55 year.
- Series II: 25,000 NCDs aggregating INR 250 Crore, coupon 9.45% per annum payable annually, maturity June 19, 2028, re-issuance tenor 1.73 year.
- Series III: 25,000 NCDs aggregating INR 250 Crore, coupon 9.05% per annum payable annually, maturity September 11, 2029, re-issuance tenor 2.96 year.
Security
A charge by way of hypothecation in favour of the Debenture Trustee on the company's financial and non-financial assets and on present and future loan assets, on a first pari-passu basis with other secured lenders. High Quality Liquid Assets under the RBI liquidity framework are excluded. Minimum asset/security cover is 1.10 times the principal amount and interest thereon. Consents from relevant debenture and security trustees for ceding pari passu charge have been received.
Default term
If interest or principal is not paid on due dates, additional interest of at least 2% p.a. over the coupon rate is payable for the defaulting period.
Illustrative cash flows per NCD
- Series I: issue price outflow 102378.0425; coupon 9750.0000 on August 12, 2027; 106500.0000 at maturity.
- Series II: issue price outflow 103206.6603; coupon 9450.0000 in June 2027; 109450.0000 at maturity.
- Series III: issue price outflow 100347.1233; coupons 9050.0000 in 2027 and 2028; 109050.0000 at maturity.
What it means
This is a routine debt-raising exercise by a lending company, adding borrowings at fixed coupons between 9.05% and 9.75%. The NCDs are proposed to be listed on NSE and BSE. Equity shareholding is unaffected since these are non-convertible instruments.
Also from Sammaan Capital
Q2FY27 business update: disbursements approximately ₹6,000 crore, AUM over ₹59,000 crore, 245 branches
5 Oct 2026
NCLT Admits Second Motion Petition for Scheme of Arrangement; Next Hearing November 16, 2026
25 Sep 2026
More numbers
- Total NCDs allotted75,000
- Face value per NCDINR 1,00,000
- Series I issue sizeINR 250 Crore
- Series II issue sizeINR 250 Crore
- Series III issue sizeINR 250 Crore
- Series I coupon9.75% per annum
- Series II coupon9.45% per annum
- Series III coupon9.05% per annum
- Minimum security cover1.10 times
- Default additional interest2% p.a.
- Series I re-issuance tenor1.55 year
- Series III re-issuance tenor2.96 year
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