Shareholding10 Aug 2026, 10:48 am
South India Paper Mills: Kirit Modi Group Increases Stake
AI Summary
Kirit Natwarlal Modi and Persons Acting in Concert (PAC) have disclosed a substantial acquisition of shares in The South India Paper Mills Ltd. The group's total shareholding increased from 12.07% to 14.16% through open market purchases. This disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, signifies a notable change in the promoter/acquirer group's stake in the company.
Key Highlights
- Kirit Modi Group increased stake in South India Paper Mills.
- Acquisition was made via open market transactions.
- Total shareholding now stands at 14.16%.
- Disclosure filed under SEBI Takeover Regulations.
- This is a significant change in shareholding pattern.
Price Impact
More from STHINPA