Sammaan Capital Limited has provided an update regarding the ongoing open offer for the acquisition of 26.05% of its expanded voting share capital. As of April 30, 2026, a total of 41,110 equity shares have been successfully tendered by public shareholders into the designated escrow account. This represents 0.01% of the total offer size, as the acquisition process continues to move forward under the established guidelines.
Open Offer Progress
The open offer, initiated by Avenir Investment RSC Ltd in collaboration with IHC Capital Holding LLC, aims to acquire up to 34,17,54,286 equity shares of Sammaan Capital Limited. The latest data indicates that 41,110 shares have been submitted into the escrow account as of the cutoff date, April 30, 2026. No new shares were tendered specifically on the date of this report.
Validation and Acceptance Process
It is important to note that the current number of tendered shares is subject to a mandatory validation and verification process. The final acceptance of these shares will be determined based on the submission of all required documentation by the public shareholders. The acquisition process is governed by the conditions outlined in the previously issued letter of offer dated April 03, 2026, and its subsequent addendum dated April 09, 2026. Consequently, the final number of shares accepted by the acquirer may differ from the initial figures currently reported.
Source: BSE
