Avenir Investment Completes Preferential Allotment to Sammaan Capital Limited
On March 31, 2026, Avenir Investment RSC Ltd allotted shares and warrants to Sammaan Capital Limited following a preferential issue, pursuant to a share subscription agreement dated October 02, 2025.Under the terms of the Preferential Issue, the allotment included:
- 33,00,00,111 equity shares, designated as "Subscription Shares."
- 8,68,92,966 warrants, labeled "Tranche I Warrants."
- 21,97,97,569 warrants, labeled "Tranche II Warrants."
The allotment detailed in the exchange filing pertains to the acquisition of shares and voting rights under Regulation 18(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Acquisition Details
Avenir Investment RSC Ltd, acting as the Acquirer and in concert with IHC Capital Holding LLC ("PAC"), acquired these shares through preferential allotment. The transaction resulted in the following shareholding structure changes:The table below summarizes the acquisition details:
| Item | Details | Before Acquisition | After Acquisition |
|---|---|---|---|
| Equity Shares Allotted | 33,00,00,111 equity shares | NIL | 43.4% |
| Warrants Allotted | 30,66,90,535 warrants | NIL | 43.4% |
| Total Shareholding (Acquirer & PACs) | Total shareholding of Acquirer and PACs | NIL | 63,66,90,646 equity shares (43.4%) |
Note that the acquisition of 33,00,00,111 equity shares was made at a purchase price of INR 139 per share, while the acquisition of 30,66,90,535 warrants was also detailed at INR 139.
Escrow Provisions
The Subscription Shares, Tranche I Warrants, and Tranche II Warrants allotted under this Preferential Issue will remain restricted regarding voting rights until the completion of the open offer. These securities will be held in a separate share escrow account (demat escrow) as required by regulations. Upon the completion of the Open Offer, these shares and warrants are scheduled to transfer from the share escrow account to the Acquirer's demat account.SAMMAANCAP Stock Price Movement
In today's trade, Sammaan Capital Limited shares are currently trading at ₹146.16. The stock is trading between ₹144.35 and ₹147.83, maintaining high activity with a total volume of 4,953,238 shares.Source:
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