Avenir & IHC Capital Launch ₹4,750 Crore Open Offer for Sammaan Capital

Avenir Investment RSC Ltd, in concert with IHC Capital Holding LLC, has launched a mandatory open offer to acquire up to 341.75 million shares (26.05%) of Sammaan Capital Limited at ₹139 per fully paid share and ₹39 per partly paid share — valuing the full offer at approximately ₹4,750 crore. The move follows a strategic subscription agreement that positions Avenir and IHC as new promoters, signaling a shift toward long-term institutional ownership. The tendering window runs from April 17 to April 30, 2026, with no minimum acceptance threshold. The acquisition aims to strengthen Sammaan Capital’s balance sheet and accelerate its transformation into a full-service NBFC, leveraging capital, technology, and AI integration. With enhanced operational focus and expanded financial offerings, the company is poised to deepen its reach among middle-income households and small businesses across India.