South India Paper Mills: Open Offer Announced for 26% Stake at ₹120/Share

Indcap Advisors Pvt. Ltd., acting as the Manager to the Offer, has submitted a Letter of Offer to the public shareholders of South India Paper Mills Ltd. Nandini Modi and Kirit Modi, along with several associated entities (collectively the "Acquirers" and "PACs"), have announced an Open Offer to acquire up to 48,75,000 equity shares, representing 26.00% of the total equity and voting share capital. The offer price is ₹120 per equity share. This Open Offer is being made in compliance with SEBI (SAST) Regulations, 2011. The offer period and other details will be provided in the Letter of Offer.