Avenir Investment RSC Ltd, in concert with IHC Capital Holding LLC, has launched a mandatory open offer to acquire up to 341.75 million equity shares of Sammaan Capital Limited. This represents 26.05% of the company’s expanded voting share capital at INR 139 per fully paid equity share and INR 39 per partly paid equity share. The offer follows a strategic subscription agreement, positioning the acquirers as promoters to drive long-term institutional growth.
Strategic Open Offer Launch
Sammaan Capital Limited has received a formal open offer from Avenir Investment RSC Ltd, acting alongside PAC partner IHC Capital Holding LLC. The offer aims to acquire up to 34,17,54,286 equity shares, which accounts for 26.05% of the company’s expanded voting share capital. This move follows a strategic share subscription agreement designed to bring in long-term parent capital and strengthen the company’s balance sheet.
Offer Price and Terms
The cash offer is set at INR 139 per fully paid equity share and INR 39 per partly paid equity share. The acquisition is part of a broader strategy to solidify Avenir Investment RSC Ltd’s role as a promoter of Sammaan Capital. The total consideration, assuming full acceptance, is valued at approximately INR 4,750.38 crore.
Tendering Timeline
The open offer, which is not subject to any minimum level of acceptance, follows a defined timeline. The tendering period for public shareholders is scheduled to commence on April 17, 2026, and will conclude on April 30, 2026. Shareholders are encouraged to review the official offer documents to understand the process for tendering their shares through their respective brokers or depository participants.
Future Growth Prospects
The partnership with IHC Capital Holding LLC is expected to leverage a dynamic value network, linking capital, technology, and AI integration across the group. In the short term, Sammaan Capital anticipates improved operational efficiency and sharper execution. In the longer term, the support is expected to evolve the firm into a full-service financial company, significantly expanding its NBFC product range to better serve middle-income households and small businesses across India.
Source: BSE
