Deals7 April 2026 at 02:58 am
Sammaan Capital Ltd: Citigroup Global Markets India Private Limited Submits Letter of Offer to Public Shareholders
AI Summary
Citigroup Global Markets India Private Limited, acting as the manager to the Offer, has submitted a Letter of Offer to the Public Shareholders of Sammaan Capital Ltd. The Offer is to acquire 34,17,54,286 Equity Shares, representing 26.05% of the expanded voting share capital of the Target Company. The Offer Price is INR 139 per fully paid Equity Share and INR 39 per partly paid Equity Share. This Open Offer is made pursuant to and in compliance with the provisions of Regulations 3(1), 4 and other applicable regulations of the SEBI (SAST) Regulations.
Key Highlights
- Citigroup Global Markets India Private Limited submits Letter of Offer to Public Shareholders of Sammaan Capital Ltd
- Offer to acquire 34,17,54,286 Equity Shares, representing 26.05% of the expanded voting share capital
- Offer Price is INR 139 per fully paid Equity Share and INR 39 per partly paid Equity Share
- Pursuant to and in compliance with Regulations 3(1), 4 and other applicable regulations of the SEBI (SAST) Regulations
- Citigroup Global Markets India Private Limited is acting as the manager to the Offer