Sammaan Capital Limited has informed the Exchange regarding 'Please find attached the copy of the Letter of Offer together with the addendum to the Letter of Offer received by the Company from Citigroup Global Markets India Private Limited in relation to the open offer to the public shareholders of the Company.'.
SAMMAANCAP · price
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Avenir Investment RSC Ltd, along with PAC IHC Capital Holding LLC, is making a mandatory open offer under SEBI (SAST) Regulations to acquire up to 34,17,54,286 equity shares (26.05% of Expanded Voting Share Capital) of Sammaan Capital Limited from public shareholders. The offer price is INR 139 per fully paid equity share and INR 39 per partly paid equity share. Citigroup Global Markets India Private Limited is acting as the Manager to the Offer. All required statutory approvals including CCI (December 2025), SEBI, and RBI approvals have been received. The underlying transaction involved subscription to 33,00,00,111 shares at INR 139 per share, which closed on March 31, 2026. The tendering period is scheduled from April 17 to April 30, 2026.
This open offer provides existing public shareholders an exit opportunity at INR 139 per share. The acquirer has already completed subscription to a significant stake, and this open offer is a regulatory requirement under SEBI takeover norms. Shareholders should evaluate the offer against current market price and company fundamentals before deciding.