Avenir Investment makes open offer to buy 26% stake in Sammaan Capital
This story was originally published at 20:58 IST on 3 October 2025
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MUMBAI – Sammaan Capital Ltd. Friday said Avenir Investment RSC Ltd. together with IHC Capital Holding LLC has made an open offer to the public shareholders of Sammaan Capital to acquire up to 341.75 million fully paid-up equity shares of face value of INR 2 each. This represents a 26% stake in Sammaan Capital, it said in an exchange filing.
Citigroup Global Markets India Pvt. Ltd. will be the manager for this transaction, the non-banking finance company said. Avenir Investment is an affiliate of the Abu Dhabi-based global investment company International Holding Co.
For the June quarter, Sammaan Capital had reported a consolidated net profit of INR 3.34 billion on a consolidated revenue of INR 24 billion. Friday, shares of the company closed at INR 165.03 on the National Stock Exchange, down 2.7%. End
Reported by Simran Rede
Edited by Akul Nishant Akhoury
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