Sammaan Capital Limited has released its Pre-Offer Advertisement regarding an open acquisition by Avenir Investment RSC Ltd, acting in concert with IHC Capital Holding LLC. The offer aims to acquire up to 34,17,54,286 equity shares, representing 26.0% of the company’s expanded voting share capital. This move follows previous public statements and formal offer filings, with the advertisement published in major national newspapers on April 16, 2026.
Open Offer Details
The acquisition process, initiated by Avenir Investment RSC Ltd (the Acquirer) and IHC Capital Holding LLC (the Person Acting in Concert), involves an offer to purchase 34,17,54,286 equity shares from public shareholders. These shares account for 26.0% of the expanded voting share capital of Sammaan Capital Limited. The face value of each equity share is set at INR 2.
Progress of the Offer
This announcement serves as the formal Pre-Offer Advertisement cum Corrigendum, following a series of disclosures including the initial public announcement on October 2, 2025, the detailed public statement, and the subsequent draft letter of offer. The current publication satisfies disclosure requirements and informs stakeholders of the ongoing progress toward the share acquisition. The notice was published in Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi) on April 16, 2026.
Next Steps for Shareholders
Shareholders looking for information regarding the terms of the offer are advised to refer to the Letter of Offer and the Addendum dated April 9, 2026. The open offer is being managed by Citigroup Global Markets India Private Limited, who is overseeing the compliance and procedural aspects of the acquisition on behalf of the Acquirer and the PAC. All relevant documentation is available through the official channels of the respective stock exchanges.
Source: BSE
