Avenir Investment RSC Ltd, in concert with IHC Capital Holding LLC, has provided an update regarding the ongoing open offer for Sammaan Capital Limited. As of April 20, 2026, no equity shares have been tendered by public shareholders into the designated escrow account. This process follows the company’s previously released Letter of Offer and subsequent addendum, as the acquirers seek to purchase up to 26.05% of the expanded voting share capital.
Current Tender Status
Citigroup Global Markets India Private Limited, serving as the manager to the open offer, has confirmed that as of April 20, 2026, the number of equity shares tendered in the dedicated escrow account stands at Nil. This represents 0% of the total offer size for Sammaan Capital Limited.
Important Considerations for Shareholders
The open offer, initiated by Avenir Investment RSC Ltd and IHC Capital Holding LLC, aims to acquire up to 34,17,54,286 equity shares, representing 26.05% of the expanded voting share capital of the Target Company at a face value of INR 2 per share.
Shareholders are advised that all shares tendered are subject to mandatory validation and verification of documentation. The final count of accepted shares will be conducted in strict accordance with the terms outlined in the Letter of Offer dated April 03, 2026, and the Addendum dated April 09, 2026. Consequently, the final number of accepted equity shares may differ from the total number of shares initially tendered by the public.
Source: BSE
