Sammaan Capital Ltd Receives Open Offer from Avenir Investment RSC Ltd and IHC Capital Holding LLC

Sammaan Capital Ltd, a public limited company incorporated under the Companies Act, 1956, has received an open offer from Avenir Investment RSC Ltd, a restricted scope company incorporated under the laws of the United Arab Emirates, and IHC Capital Holding LLC, a limited liability company incorporated under the laws of United Arab Emirates. The offer is to acquire up to 34,17,54,286 (thirty four crore seventeen lakh fifty four thousand two hundred and eighty six) Equity Shares representing 26.05% (twenty six point zero five per cent) of the expanded voting share capital of the Target Company at a price of INR 139 (Indian Rupees One Hundred and Thirty-Nine) per fully paid Equity Share and INR 39 (Indian Rupees Thirty-Nine) per partly paid Equity Share. The offer is in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.