Tag: Sammaan Capital

Housing FinanceLatest Stories

Sammaan Capital Eyes Affordable Housing Boost After IHC Investment

Sammaan Capital is set to enhance its focus on affordable housing loans following a $1 billion investment from Abu Dhabi’s International Holding Company (IHC), as stated by CEO Gagan Banga in an interview with Reuters. With affordable housing being a crucial growth sector, Banga mentioned that the IHC’s investment will provide “even greater momentum” as Sammaan aims for an assets under management (AUM) target of 1 trillion Indian rupees (approximately $11.27 billion) by the financial year 2027. To facilitate this expansion, Sammaan plans to establish around 10 new branches each month, predominantly in tier-4 and tier-5 cities and outlying areas…

Housing FinanceLatest Stories

Sammaan Capital Secures $300M Through International Bonds

MUMBAI: Sammaan Capital, formerly known as Indiabulls Housing, has successfully raised $300 million (approximately ₹2,600 crore) through three-year bonds aimed at international investors. This marks the company’s inaugural international bond issuance in its new identity. The fundraising occurred at a yield of 8.95%, representing the first high-yield bond offering from India in the current fiscal year. CEO Gagan Banga stated that the funds will help diversify the company’s funding sources. Following this issuance, 10% of Sammaan’s funding will come from international markets. “We’ve been preparing for this issuance since April, waiting for the right investors, and we have successfully secured…