Citigroup Global Markets India Private Limited has informed the exchanged that 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 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 TriggeredStrategic Transactions View source PDF Explain this filing

SAMMAANCAP · price

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

-0.3%Reaction day

₹143.60

prior close

₹143.60

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.8%-2.2% vs market

Housing Finance Company peers, median of 17sector+1.8%-2.2% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Smallcap 250 and 2.2 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

Stock

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3+1.8-2.2+1.8-2.2

Next day

-0.4+1.9-2.2+1.0-1.4

-1.9+2.4-4.3+1.3-3.2

+1.2+1.9-0.7+0.3+0.9

+2.7+2.9-0.3+1.2+1.4

+0.7+3.1-2.4+1.6-0.9

+5.8+6.1-0.3+3.7+2.1

15d

-3.6+1.5-5.1-3.1-0.5

+20.6+4.2+16.4-1.5+22.1

+17.9+7.3+10.6+1.8+16.1

+14.9+8.6+6.3+0.1+14.8

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, as manager to the open offer, has disclosed that no equity shares have been tendered in the open offer escrow demat account as of April 24, 2026. This represents 0% of the total offer size of 34,17,54,286 shares (26.05% of expanded voting share capital). The open offer was launched by Avenir Investment RSC Ltd (Acquirer) along with IHC Capital Holding LLC (PAC) under SEBI (SAST) Regulations, 2011. The filing clarifies that shares tendered will be subject to validation and verification, and the number of shares validly tendered may differ from those accepted. This is an early-stage status update in the open offer process.

Likely market impact

Zero shareholder participation at this stage could indicate weak investor interest or that the offer is in its early days. Shareholders may be waiting for the offer period to progress or assessing whether to participate. The acq