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The latest update is out from Sammaan Capital Ltd ( (IN:SAMMAANCAP) ).
Sammaan Capital Limited has disclosed that it has received an addendum-cum-corrigendum to the previously issued Draft Letter of Offer and Detailed Public Statement related to an ongoing open offer to its public shareholders. The open offer, managed by Citigroup Global Markets India Private Limited on behalf of Avenir Investment RSC Ltd and IHC Capital Holding LLC as person acting in concert, concerns the proposed acquisition of up to 341.75 million equity shares, representing 26% of Sammaan Capital’s expanded voting share capital, and the updated corrigendum has been published in key national newspapers as part of the regulatory process under SEBI’s takeover regulations.
More about Sammaan Capital Ltd
Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, operates in India’s housing finance and lending sector, offering home loan and related credit products to retail customers. The company is listed on BSE and NSE and targets the domestic market through its corporate office in Gurgaon and registered office in New Delhi.
Average Trading Volume: 740,399
Technical Sentiment Signal: Sell
Current Market Cap: 118.9B INR
Learn more about SAMMAANCAP stock on TipRanks’ Stock Analysis page.