Deals25 Nov 2025, 02:07 pm
Soma Papers & Industries Ltd: Open Offer by Acquirers Fair and Reasonable, According to Committee of Independent Directors
AI Summary
The Committee of Independent Directors for Soma Papers & Industries Ltd has reviewed the open offer given by Acquirers pursuant to the Public Announcement dated 07 August 2025, Detailed Public Statement dated 13 August 2025, and Letter of Offer dated 15 November 2025. The committee has concluded that the open offer is fair and reasonable.
Key Highlights
- Committee of Independent Directors for Soma Papers & Industries Ltd met on 25 November 2025 to discuss and review the open offer by Acquirers.
- Open offer was given pursuant to Public Announcement dated 07 August 2025, Detailed Public Statement dated 13 August 2025, and Letter of Offer dated 15 November 2025.
- The Committee has concluded that the open offer is fair and reasonable.