Sammaan Capital Limited has provided a status update regarding its ongoing open offer for the acquisition of 26.05% of its expanded voting share capital. As of April 27, 2026, a total of 290 equity shares have been formally tendered by public shareholders into the designated escrow demat account. The acquisition process, led by Avenir Investment RSC Ltd and IHC Capital Holding LLC, remains subject to final validation and verification.
Tender Status Summary
Following the public announcement of the open offer, the company has confirmed the initial receipt of shares from public investors. Specifically, 290 equity shares have been successfully deposited into the MIIPL SAMMAAN CAPITAL LTD OPEN OFFER ESCROW DEMAT ACCOUNT maintained with Ventura Securities Limited. These shares represent 0.00% of the total offer size.
Validation and Next Steps
It is important for shareholders to note that the tender process is still in the preliminary stage. All shares currently held in the escrow account are subject to rigorous validation and verification of documentation. The final count of shares accepted for acquisition may differ from the number currently tendered, as only those deemed “validly tendered” in strict accordance with the established letter of offer and subsequent addendums will be accepted by the acquirers, Avenir Investment RSC Ltd and IHC Capital Holding LLC.
Source: BSE
