Citigroup Global Markets India Private Limited has Submitted to the Exchange a copy of Letter of Offer.
SAMMAANCAP · price
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Avenir Investment RSC Ltd (Acquirer), a UAE-based company, along with IHC Capital Holding LLC (Person Acting in Concert), has issued a Letter of Offer to public shareholders of Sammaan Capital Limited to buy up to 34.17 crore equity shares, representing 26.05% of the expanded voting share capital. The offer price is set at INR 139 per fully paid-up share and INR 39 per partly paid-up share (face value INR 2). The underlying transaction, where the Acquirer subscribed to 33 crore fresh shares at INR 139 each (worth about INR 4,587 crore), has already closed on March 31, 2026. All required regulatory approvals from RBI, SEBI, CCI, and stock exchanges have been received. The tendering period will run from April 17, 2026 to April 30, 2026, with Citigroup Global Markets managing the offer.
Public shareholders of Sammaan Capital now have a window to tender their shares at INR 139 each. Since this is a mandatory open offer triggered by the Acquirer crossing the SEBI takeover threshold, eligible shareholders can choose to exit at this floor price. The stock may see price movement based on how this offer price compares to prevailing market rates.