Sammaan Capital Shares Rise 3.7% After $300 Million Bond Allotment

New Delhi, August 29, 2025 – Sammaan Capital Limited (NSE: SAMMAANCAP, BSE: 535789), formally Indiabulls Housing Finance, announced it has raised U.S. $300 million via the issue of 8.95% Senior Secured Social Bonds, which have a maturity date of 2028. The company’s stock rose 3.7% to ₹123.00 in early trading on Friday following the announcement.

Sammaan Capital Limited, listed on the NSE and BSE, operates in the housing finance segment of the market. The company, formerly Indiabulls Housing Finance, is focused on expanding its capital market access through both domestic and global instruments.

Market Performance Snapshot

As of 10:50, the stock began trading at ₹125.00, up ₹6.74 or 5.07%. The share opened at ₹119.30 and traded between a low of ₹118.55 and a new high of ₹125.40 with a VWAP of ₹123.10. The stock 52-week high is ₹174.00 (26-Sep-2024) and low is ₹97.61 (07-Apr-2025). The total market capitalisation is ₹10,126.68 crore, and the free-float market capitalisation is ₹9,405.02 crore.

Recent Developments

On August 28, the company announced the allocation of $300 million in bonds, split between Rule 144A ($16.7 million) and Regulation S ($283.3 million) tranches, which will be listed on the Global Securities Market of the India International Exchange (IFSC) at GIFT City.

Rule 144A enables U.S. companies to trade securities privately with qualified institutional buyers. Regulation S is a specified set of rules established by the U.S. Securities and Exchange Commission (SEC) that allows companies to trade securities privately with non-U.S. investors without SEC registration, thereby raising capital in the international market.

Outlook

The success of Samman Capital in issuing $300 million in bonds and the positive market reception underscore investor confidence. The stock can continue its upward trend, as it has better liquidity and access to global markets. Still, its performance will be subject to macroeconomic trends in the housing finance sector.

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