Citigroup Global Markets India Private Limited has submitted to the Exchange a copy of Public Announcement for the attention of the Public Shareholders of Sammaan Capital Limited under Regulations 3(1) and 4 read with Regulations 13(1), 13(2)(g), 14 and 15(1) and other applicable Provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.
SAMMAANCAP · price
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Awaiting price reaction for this filing.
Citigroup Global Markets India Private Limited, acting as the manager to an open offer, has submitted a Public Announcement to the Exchange on behalf of the acquirer(s) of Sammaan Capital Limited. The announcement is made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically under the provisions that govern when an acquirer crosses the specified shareholding thresholds and is required to make an open offer to public shareholders. The filing complies with the disclosure and public announcement requirements stipulated under the Takeover Code.
This signals that a formal open offer is being made to public shareholders of Sammaan Capital. Shareholders should watch for the detailed letter of offer which will disclose the offer price, number of shares sought, and the timeline for tendering shares, as this will directly affect stock price and shareholder decision-making.