Open Offer2 Sept 2026, 06:41 pm
South India Paper Mills: Open Offer Draft Letter Received
AI Summary
South India Paper Mills Ltd has received a Draft Letter of Offer (DLOF) from merchant bankers Indcap Advisors Pvt Ltd regarding an open offer. The offer is being made by Nandini Modi and Kirit Modi, along with several Persons Acting in Concert (PACs), to acquire up to 48,75,000 equity shares, representing 26.00% of the voting share capital. The offer price is set at ₹120 per fully paid-up equity share. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011.
Key Highlights
- Draft Letter of Offer received for an open offer.
- Acquirers Nandini Modi and Kirit Modi to buy 26% stake.
- Offer price set at ₹120 per equity share.
- Acquisition is compliant with SEBI (SAST) Regulations.
- Manager to the offer is Indcap Advisors Pvt Ltd.
Price Impact
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