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An announcement from Sammaan Capital Ltd ( (IN:SAMMAANCAP) ) is now available.
Credit rating agency CRISIL has upgraded Sammaan Capital Limited’s long-term debt rating to CRISIL AA+/Stable, citing the company’s strategic importance to, and strong support from, new promoter International Holding Company, as well as robust capitalisation and a renewed growth focus. The move, the first upgrade by a domestic agency since 2017, signals a strengthened capital position and improved financial profile for Sammaan Capital, while its commercial paper and short-term non-convertible debenture ratings remain at CRISIL A1+, marking the start of an upward rating trajectory that could lower funding costs and enhance its competitive standing in the housing finance market.
More about Sammaan Capital Ltd
Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, operates in the housing finance and lending sector in India. The company focuses on providing home loans and related financial services, serving retail borrowers across key markets, and is now part of the International Holding Company (IHC) Group following a recent strategic investment and change in promoter control.
Average Trading Volume: 550,143
Technical Sentiment Signal: Buy
Current Market Cap: 127B INR
For a thorough assessment of SAMMAANCAP stock, go to TipRanks’ Stock Analysis page.