Acquisitions9 April 2026 at 04:00 pm
Sammaan Capital Ltd Receives Open Offer from Avenir Investment RSC Ltd and IHC Capital Holding LLC
AI Summary
Sammaan Capital Ltd has received a letter of 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 companies are offering to acquire up to 34,17,54,286 Equity Shares representing 26.05% of the expanded voting share capital of Sammaan Capital Ltd at a price of INR 139 per fully paid Equity Share and INR 39 per partly paid Equity Share.
Key Highlights
- Avenir Investment RSC Ltd and IHC Capital Holding LLC make a cash offer for Sammaan Capital Ltd's Equity Shares.
- The offer price is INR 139 per fully paid Equity Share and INR 39 per partly paid Equity Share.
- The companies aim to acquire up to 34,17,54,286 Equity Shares, representing 26.05% of the expanded voting share capital.
- The offer is in accordance with the SEBI (SAST) Regulations.
- Sammaan Capital Ltd shareholders are advised to read and consider the information before taking any action.