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 Four Thousand 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 Share Capital 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 in concert 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).

Open offer triggeredListed-company acquisitionStrategic Transactions View source PDF Explain this filing

SAMMAANCAP · price

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Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹147.01

prior close

₹146.70

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%-1.3% vs market

Housing Finance Company peers, median of 17sector-0.7%-1.2% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Smallcap 250 and 1.2 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

-2.3-1.6-0.7-0.6-1.7

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UpDownMarket · Nifty Smallcap 250Sector · Housing Finance Company peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Citigroup Global Markets India has submitted an open offer update to NSE regarding the acquisition of up to 34.18 crore equity shares (26.05% of expanded voting share capital) of Sammaan Capital Limited. The offer is being made by Avenir Investment RSC Ltd along with IHC Capital Holding LLC (as PAC) under SEBI SAST Regulations. The filing dated April 20, 2026, shows that as of that date, zero equity shares have been tendered by public shareholders, representing 0% acceptance of the offer. The tendered shares remain subject to validation and verification before final acceptance.

Likely market impact

This is a routine status update on an ongoing open offer. Zero acceptance so far suggests shareholders are观望ing the offer price. The final outcome could lead to significant change in shareholding structure if sufficient shares are tendered.