Sammaan Capital Board Clears Plan to Raise ₹400 Billion Via Debt, ECBs

Sammaan Capital on Wednesday said its board has approved a plan to raise up to ₹400 billion through a mix of debt instruments and external commercial borrowings (ECBs).

Of the total, the company plans to raise ₹100 billion either through domestic bond instruments or ECBs, while the remaining ₹300 billion will be mobilised domestically on a private placement basis, it said in a filing to exchanges.

Earlier this week, Sammaan Capital had informed exchanges that its board would meet on Wednesday to consider fund-raising proposals through debt in one or more tranches.