Sammaan Capital Limited has provided an update regarding its ongoing open offer process. As of April 28, 2026, a total of 40,535 equity shares have been tendered in the dedicated escrow demat account. This quantity represents 0.01% of the total offer size. All tendered shares are currently subject to mandatory validation and verification procedures to ensure compliance with the offer documentation before final acceptance by the acquirers.
Share Tender Status
Following the initiation of the open offer for 34,17,54,286 equity shares—representing 26.05% of the expanded voting share capital of Sammaan Capital Limited—the company has confirmed initial participation from public shareholders. Specifically, 40,535 shares have been moved into the designated escrow account as of April 28, 2026, with the majority of these—40,245 shares—being processed on that same date.
Validation and Verification Process
It is important to note that the figures provided reflect the current volume of shares held in the escrow account. These shares are not yet considered final acquisitions. The actual number of shares accepted by the acquirers, Avenir Investment RSC Ltd and IHC Capital Holding LLC, will depend on the successful validation of submitted documentation. The process strictly follows the guidelines established in the initial letter of offer dated April 3, 2026, and the subsequent addendum dated April 9, 2026.
Next Steps for Shareholders
Shareholders should be aware that the final number of shares accepted may differ from the number currently tendered. The company remains committed to completing the verification process in accordance with regulatory timelines to ensure a transparent and fair acquisition process for all participating stakeholders.
Source: BSE
