The offer is being carried out in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Citigroup Global Markets India Private Limited has been appointed as the manager to the offer.
Under the terms of the open offer, the acquirer has proposed a cash offer of ₹139 per fully paid equity share and ₹39 per partly paid equity share, each having a face value of ₹2.
The tendering period for the offer is scheduled to begin on April 17, 2026, and close on April 30, 2026. The last date for communicating acceptance or rejection of shares tendered in the offer and completing payment of consideration is May 15, 2026.The Letter of Offer dated April 3, 2026, along with an addendum dated April 9, 2026, contains additional disclosures related to the acquirer, the person acting in concert, the target company and the details of the open offer. Public shareholders have been advised to review the addendum together with the Letter of Offer before taking any action regarding participation in the offer.
The company has submitted the documents to both BSE and the National Stock Exchange of India and requested the exchanges to take the information on record.
The open offer price has been set at ₹139 per fully paid equity share.
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Shares of Sammaan Capital Limited/span> closed at ₹153.55 on the NSE, up ₹0.85 or 0.56%, after touching ₹153.20 during the session, reflecting a 0.33% intraday rise.
