Citigroup Global Markets India Private Limited has Submitted to the Exchange a copy of Open offer for acquisition of up to 34,17,54,286 (Thirty Four Crore Seventeen Lakh Fifty FourThousand Two Hundred And Eighty Six) Equity Shares of face value of INR 2 (Indian Rupees Two)each, representing 26.05% (Twenty Six Point Zero Five Per Cent) of the Expanded Voting ShareCapital of Sammaan Capital Limited (Target Company) by Avenir Investment RSC Ltd(Acquirer) together with IHC Capital Holding LLC (PAC) in its capacity as a person acting inconcert with the Acquirer in accordance with the Securities and Exchange Board of India(Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (SEBI (SAST)Regulations) from the Public Shareholders (Open Offer or Offer).
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Citigroup Global Markets India Private Limited has submitted an open offer filing for Sammaan Capital Limited. Avenir Investment RSC Ltd (Acquirer) along with IHC Capital Holding LLC (PAC) is offering to acquire up to 34,17,54,286 equity shares representing 26.05% of the expanded voting share capital. The offer is governed under SEBI (SAST) Regulations, 2011. As of April 21, 2026, zero equity shares (0% of the offer size) have been tendered by public shareholders in the open offer escrow demat account. The final acceptance of shares will be subject to validation and verification of complete documents as per the letter of offer dated April 03, 2026 and addendum dated April 09, 2026.
This is a routine status update showing no shareholder participation yet. The zero tender response could indicate shareholder indecision or early stage of the offer period. Final acceptance numbers will determine the outcome of this open offer.