Citigroup Global Markets India Private Limited ("Manager to the Offer") has informed BSE as under:<BR><BR>"Please note that in relation to the Open Offer, 41,110 Equity Shares, constituting ....
SAMMAANCAP · price
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Citigroup Global Markets India Private Limited, as Manager to the Offer, has informed BSE about the status of an open offer by Avenir Investment RSC Ltd (Acquirer) along with IHC Capital Holding LLC (PAC) to acquire up to 34,17,54,286 equity shares representing 26.05% of Sammaan Capital Limited's Expanded Voting Share Capital. As of April 30, 2026, only 41,110 equity shares (0.01% of the Offer Size) have been tendered in the Escrow Demat Account, with Nil shares tendered on that specific date. The filing clarifies that tendered shares are subject to validation and verification, and the final accepted shares may differ from those tendered.
Very low acceptance rate so far suggests limited shareholder participation in the open offer, which may delay or affect the acquirer's ability to reach the target stake. This is a routine status disclosure with no immediate material impact on stock price.