Announced Fri, 10 Apr · 15:27 IST
IDC recommends Avenir's open offer as fair and reasonable
Compliance View source PDF
SAMMAANCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹153.20
prior close
₹155.47
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.7+2.2+1.3+1.0-1.0-4.0-5.6-5.0+13.5+8.8
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AI summary
Sammaan Capital's Independent Directors Committee has recommended the open offer by Avenir Investment RSC Ltd and IHC Capital Holding LLC (PAC) as fair and reasonable. The offer is for up to 34.17 crore equity shares (26.05% of expanded capital) at ₹139 per fully-paid share and ₹39 per partly paid-up share. Citigroup Global Markets is the manager to the offer.
Likely market impact
Procedural filing; IDC deemed offer price fair. Shareholders should independently evaluate before deciding to tender shares.