Sammaan Capital Limited has provided an update regarding the ongoing open offer by Avenir Investment RSC Ltd and IHC Capital Holding LLC. As of April 29, 2026, a total of 41,110 equity shares have been tendered by public shareholders. These shares, representing approximately 0.01% of the total offer size, are currently held in the designated escrow demat account pending further validation and verification processes.
Open Offer Progress
The acquisition process for Sammaan Capital Limited is moving forward as Avenir Investment RSC Ltd, alongside person acting in concert IHC Capital Holding LLC, continues the open offer for up to 34,17,54,286 equity shares. This total represents 26.05% of the company’s expanded voting share capital.
Tender Details and Verification
As per the latest disclosure dated April 29, 2026, investors have tendered 41,110 shares into the dedicated escrow demat account. Of this aggregate figure, 575 shares were specifically tendered on April 29, 2026. It is important to note that the tender process remains subject to rigorous validation and document verification. Only shares determined to be “validly tendered” will be formally accepted for acquisition in accordance with the previously established offer documentation.
Next Steps for Shareholders
Shareholders should be aware that the final number of shares accepted by the acquirer may differ from the currently reported figures due to the ongoing verification of tender documents. The entire acquisition remains governed by the terms outlined in the initial letter of offer dated April 3, 2026, and the subsequent addendum dated April 9, 2026.
Source: BSE
