Avenir Investment RSC Ltd and IHC Capital Holding LLC launch a mandatory open offer to acquire up to 34.17 crore equity shares representing 26.05% of Sammaan Capital Limited at ₹139 per fully paid share and ₹39 per partly paid share.
The offer is triggered by a preferential allotment of 33 crore shares to Avenir at ₹139 per share and is made pursuant to SEBI SAST Regulations, with all required statutory approvals already received.
The tendering period runs from April 17, 2026 to April 30, 2026, with financial arrangements secured through a ₹551 crore bank guarantee and ₹47.6 crore cash escrow.
Acquisition aims to establish Avenir as promoter of Sammaan Capital and position the company for future growth through IHC's financial backing and strategic support.