Avenir Investment RSC Ltd, in concert with IHC Capital Holding LLC, has successfully concluded an open offer for the acquisition of 34,17,54,286 equity shares of Sammaan Capital Limited. This transaction represents 26.05% of the target company’s expanded voting share capital. The process, managed by Citigroup Global Markets India Private Limited, marks a significant change in the shareholding structure of the company following the formal conclusion of the offer period in May 2026.
Strategic Share Acquisition
The open offer for Sammaan Capital Limited has reached its conclusion with the acquisition of 34,17,54,286 equity shares. Each share, with a face value of INR 2, accounts for 26.05% of the expanded voting share capital. This move was led by Avenir Investment RSC Ltd, identified as the Acquirer, supported by IHC Capital Holding LLC as the person acting in concert.
Transaction Details and Finalization
The acquisition process was finalized following a series of mandatory public announcements and filings that commenced in October 2025. The official post-offer advertisement, published on May 21, 2026, confirmed that all procedural requirements for the stake purchase were met. Citigroup Global Markets India Private Limited served as the manager to the offer, ensuring compliance with the prescribed timeline and transparency standards throughout the bidding and settlement phases.
Impact on Ownership
By acquiring these shares, the Acquirer and its partner have consolidated their position within Sammaan Capital. This transaction represents a definitive step in the company’s capital reorganization efforts, with the final share transfer reflecting the successful culmination of the offer period. Public shareholders who participated in the open offer have now completed their exit or partial divestment as outlined in the earlier letters of offer.
Source: BSE
