Citigroup Global Markets India Private Limited, acting as the manager to the open offer, has released the subscription status for Sammaan Capital Limited. As of April 17, 2026, no equity shares have been tendered in the designated escrow demat account. The offer involves the potential acquisition of up to 34,17,54,286 equity shares, representing 26.05% of the company’s expanded voting share capital.
Open Offer Subscription Status
As per the latest disclosure by the manager to the offer, the subscription for the Sammaan Capital Limited open offer currently stands at Nil. No equity shares were recorded in the designated MIIPL SAMMAAN CAPITAL LTD OPEN OFFER ESCROW DEMAT ACCOUNT as of the close of business on April 17, 2026. This account, maintained with Ventura Securities Limited, serves as the central depository for shares tendered by public shareholders during the offer period.
Details of the Acquisition
The open offer is being executed by Avenir Investment RSC Ltd, acting in concert with IHC Capital Holding LLC. The acquirers are seeking to purchase up to 34,17,54,286 equity shares, which accounts for 26.05% of the Sammaan Capital Limited expanded voting share capital. Each equity share has a face value of INR 2.
Verification Process
It is important to note that all shares tendered by public shareholders remain subject to strict validation and verification. The final number of shares accepted by the acquirers may differ from the total number initially tendered, contingent upon the submission of complete documentation as outlined in the offer letter dated April 03, 2026, and the subsequent addendum dated April 09, 2026.
Source: BSE
