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 29, 2026.
SAMMAANCAP · price
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Citigroup Global Markets India Private Limited, as Manager to the Open Offer, submitted a disclosure regarding shares tendered in the open offer for Sammaan Capital Limited. The open offer is being made by Avenir Investment RSC Ltd along with PAC IHC Capital Holding LLC to acquire up to 34,17,54,286 equity shares representing 26.05% of the expanded voting share capital. As of April 29, 2026, only 41,110 equity shares (0.01% of offer size) have been tendered in the escrow demat account. The shares tendered are subject to validation and verification before acceptance.
Very low acceptance so far indicates weak response from public shareholders. The open offer is still in progress and final acceptance numbers will be determined after document verification as per SEBI regulations.