Avenir Investment RSC Ltd. has filed a disclosure regarding the substantial acquisition of shares in Sammaan Capital Limited. This filing, made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the acquisition of voting rights and equity capital. The transaction involved an open offer and subsequent transfer from escrow, increasing Avenir’s stake in Sammaan Capital.
Disclosure of Substantial Acquisition
Avenir Investment RSC Ltd. has officially submitted a disclosure concerning its substantial acquisition of shares in Sammaan Capital Limited. This report is in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Acquisition Details
Prior to the acquisition, Avenir Investment RSC Ltd. held 33,00,00,111 shares carrying voting rights, representing 28.5% of the Equity Capital, and 30,66,90,535 voting rights otherwise than by shares, representing 20.9% of the Equity Capital. The total holding before the transaction was 63,66,90,646, accounting for 43.4% of the Equity Capital.
The acquisition involved an open offer for 41,110 shares and a subsequent transfer of 33,00,00,111 shares from an escrow account to the acquirer’s demat account. Following these transactions, Avenir Investment RSC Ltd.’s holding consists of 33,00,41,221 shares carrying voting rights, equating to 28.5% of the Equity Capital. The total post-acquisition holding, including voting rights otherwise than by shares, stands at 63,67,31,756, representing 43.4% of the Equity Capital.
Key Dates and Capital Information
The open offer concluded on May 14, 2026. The transfer of subscription shares from the escrow account to the acquirer’s demat account occurred on May 26, 2026. The equity share capital of Sammaan Capital Limited before and after the acquisition remains INR 231,93,60,168.71. The total diluted share/voting capital after the acquisition is INR 308,39,53,502.71.
The company has also clarified the composition of shares acquired, including 40,000 fully paid equity shares and 1,110 partly paid equity shares in the open offer. Additionally, it notes the issuance of employee stock options and the exercise of subscription warrants.
Source: BSE
