Sammaan Capital Limited — Important, 14-01-2025: Updates

Sammaan Capital Limited has completed the allotment of 20,000 Secured, Rated, Listed, Taxable, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis, amounting to ₹200 Crore. The issuance includes three separate series: Series I Re-Issue (₹35 Crore), Series II Re-Issue (₹130 Crore), and a Fresh Issue (₹35 Crore), with respective tenors of 4.77 years, 1.62 years, and 10 years. The coupon rates set are 9.75% for Series I, 9.25% for Series II, and 9.95% for the Fresh Issue, payable annually. These NCDs are expected to be listed on the National Stock Exchange and BSE. The minimum security cover for the NCDs is 1.10 times the principal amount. This move is likely to enhance liquidity and provide the company with necessary funds for its growth objectives, presenting a positive outlook for investors.