Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has received the Letter of Offer and its addendum from Citigroup Global Markets India Private Limited regarding an open offer to its public shareholders. The offer is being made by Avenir Investment RSC Ltd, together with IHC Capital Holding LLC (PAC), to acquire up to 34,17,54,286 equity shares, representing 26.05% of the expanded voting share capital. The offer price for fully paid equity shares is ₹139 per share, and for partly paid equity shares, it is ₹39 per share. The offer is made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Several regulatory approvals, including from CCI, SEBI, and RBI, have been received. The revised schedule of activities indicates that the Tendering Period will commence on April 17, 2026, and close on April 30, 2026. The last date for communicating acceptance and completing payments is May 15, 2026.
