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The latest update is out from Sammaan Capital Ltd ( (IN:SAMMAANCAP) ).
An open offer has been launched for up to 34.18 crore equity shares of Sammaan Capital Ltd, representing 26.05% of its expanded voting share capital, by Avenir Investment RSC Ltd along with IHC Capital Holding LLC as a person acting in concert, under India’s SEBI takeover regulations. Citigroup Global Markets India, acting as manager, disclosed that only 41,110 shares, or 0.01% of the offer size, have been tendered so far into the designated escrow demat account, and stressed that these tenders remain subject to validation, meaning the final number of shares actually accepted could be lower, signaling modest initial shareholder response to the offer.
More about Sammaan Capital Ltd
Sammaan Capital Ltd is a listed Indian company whose equity shares have an expanded voting share capital structure, making it subject to India’s takeover and open-offer regulations. Its shareholder base includes public investors whose holdings can be acquired through regulated open offers under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Average Trading Volume: 570,100
Technical Sentiment Signal: Sell
Current Market Cap: 161.2B INR
Find detailed analytics on SAMMAANCAP stock on TipRanks’ Stock Analysis page.