Sammaan Capital Ltd Share Price – NSE  / BSE

Finance, Small Cap

Sammaan Capital has allotted 20,000 Secured, Rated, Listed, Taxable, Redeemable, Non-Convertible Debentures of face value Rs. 1 lakh each, aggregating to Rs. 200 crore, on a private placement basis on 14 January 2025.

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Sammaan Capital has approved the allotment of 16,52,622 NCDs for cash at par, aggregating to Rs 165,26,22,000/- on public issue basis.

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Sammaan Capital announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 3 January 2025.

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The proposal is subject to receipt of necessary approvals, if and to the extent required, stated the firm.

For seeking approval of the shareholders of the company for the aforesaid issuance of equity shares, an extra ordinary general meeting will be held on Friday, January 3, 2025, through video conferencing/other audit visual means.

Sammaan Capital (formerly known as Indiabulls Housing Finance) is a housing finance company regulated by the National Housing Bank (NHB). The company offers competitively priced home loans in the affordable housing segment.

The housing finance company reported consolidated net loss of Rs 2,760.72 crore in Q2 FY25 as against net profit of Rs 297.98 crore in Q2 FY24. Total income rose 8.2% YoY to Rs 2,425.17 crore in the September 2024 quarter.

Shares of Sammaan Capital slipped 2.06% to Rs 164.35 on the BSE.

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