Sammaan Capital Limited has provided a status update regarding the open offer initiated by Avenir Investment RSC Ltd and IHC Capital Holding LLC. As of April 23, 2026, no equity shares have been tendered by public shareholders. The open offer seeks to acquire up to 34,17,54,286 equity shares, representing 26.05% of the company’s expanded voting share capital.
Open Offer Subscription Status
As per the latest disclosure dated April 23, 2026, the subscription status for the open offer remains at Nil. No shares have been credited to the designated escrow demat account managed by the transaction advisors. This figure represents 0% of the total offer size of 34,17,54,286 equity shares currently being sought by the acquirers.
Process and Verification
It is important to note that all shares tendered in the future will be subject to a strict validation and verification process. The shares must be submitted with a complete set of documentation to be considered validly tendered. Any shares accepted by the acquirers will be processed in accordance with the terms laid out in the official Letter of Offer dated April 03, 2026 and the subsequent Addendum dated April 09, 2026.
Future Projections
Because the verification process is ongoing, the final number of shares accepted by Avenir Investment RSC Ltd and IHC Capital Holding LLC may differ from the initial number of shares tendered by shareholders. Investors are encouraged to monitor future updates regarding the conclusion of this acquisition process.
Source: BSE
