IHC's Rs 8,850 Cr Sammaan Takeover

  Published 6 months ago

IHC, via Avenir, invests Rs 8,850 crore in Sammaan, triggering a Rs 139 open offer for mandatory shares.

  • Avenir subscribes 33 crore equity shares and 30.66 crore warrants at Rs 139 each in two tranches by
  • Open offer may include up to 34.17 crore shares, valued at roughly Rs 4,750 crore on full
  • Regulatory approvals required; Citigroup manages the offer; no delisting plans announced for Sammaan at the present time

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