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Sammaan Capital Ltd ( (IN:SAMMAANCAP) ) has provided an announcement.
Sammaan Capital Limited has announced the final results and completion of a cash tender offer for part of its U.S.$450,000,000 7.5% Senior Secured Social Bonds due 2030. The company accepted tenders for an aggregate principal amount of U.S.$45,000,000, in line with terms and conditions set out in its Tender Offer documentation.
By retiring a portion of its outstanding social bonds, Sammaan Capital is taking a step to actively manage its liability profile and overall debt structure. The move may modestly reduce future interest obligations and signals to bondholders and equity investors that the company is engaged in proactive balance sheet management within its broader funding strategy.
More about Sammaan Capital Ltd
Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, operates in India’s housing finance and lending sector, offering home loan and related credit products. The company is listed on BSE and NSE and raises capital in international markets, including through U.S. dollar-denominated senior secured social bonds.
Average Trading Volume: 606,244
Technical Sentiment Signal: Buy
Current Market Cap: 168.2B INR
For detailed information about SAMMAANCAP stock, go to TipRanks’ Stock Analysis page.