Citigroup Global Markets India Private Limited has Submitted to the Exchange a copy of disclosure in relation to number of Equity Shares tendered in connection with the captioned Open Offer on April 23, 2026.
SAMMAANCAP · price
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Citigroup Global Markets India, the manager to the open offer, has submitted a daily disclosure to the exchange for the open offer on Sammaan Capital Limited. The open offer is by Avenir Investment RSC Ltd (Acquirer) along with IHC Capital Holding LLC (PAC) for up to 34,17,54,286 equity shares, representing 26.05% of the expanded voting share capital, at a face value of INR 2 each. As per the escrow demat account statement received on April 23, 2026, nil equity shares have been tendered so far, constituting 0% of the offer size. The Letter of Offer was issued on April 3, 2026 with an addendum on April 9, 2026.
Zero share tendering on this date suggests public shareholders are either holding out for better terms or the tendering window is still in early days. Lack of participation is a negative signal for the acquirer's offer and could put pressure on them to revise pricing or extend the timeline.