Avenir Investment RSC Ltd has filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure details the acquisition and resultant holding in Sammaan Capital Limited. Following the exercise and conversion of warrants, Avenir Investment’s shareholding has changed, impacting its voting rights and diluted capital.
Mandatory Disclosure Filed by Avenir Investment RSC Ltd
Avenir Investment RSC Ltd has formally submitted a disclosure regarding its shareholding in Sammaan Capital Limited, adhering to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing, dated November 3, 2026, outlines changes in the acquirer’s stake in the target company.
Key Shareholding Changes Detailed
Prior to the acquisition, Avenir Investment RSC Ltd held 33,00,41,221 equity shares, representing 28.34% of the total voting capital. The company also held 30,66,90,535 warrants. Following the acquisition, which involved the allotment of equity shares upon the exercise and conversion of 8,68,92,966 warrants, the total holding of shares carrying voting rights has increased to 41,69,34,187, constituting 33.32% of the equity share capital. The number of warrants held has reduced to 21,97,97,569.
The disclosure also specifies the total diluted share capital of the Target Company after the acquisition, which stands at 1,54,39,80,538 shares. The percentages have been computed based on the equity share capital as of September 30, 2026.
Source: BSE
