Open Offer25 Aug 2026, 12:29 pm
South India Paper Mills: Open Offer for 26% Stake at ₹120/share
AI Summary
Indcap Advisors Pvt. Ltd., acting as the Manager to the Offer, has submitted a Detailed Public Statement regarding an Open Offer for South India Paper Mills Limited. Nandini Modi and Kirit Modi, along with Persons Acting in Concert (PACs), are acquiring 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, and aims to acquire shares from public shareholders.
Key Highlights
- Open Offer announced for South India Paper Mills Limited.
- Acquirers aim to purchase up to 26% stake.
- Offer price set at ₹120 per equity share.
- The transaction is in compliance with SEBI (SAST) Regulations.
- Detailed Public Statement submitted by Indcap Advisors Pvt. Ltd.
Price Impact
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