Open Offer14 Oct 2026, 04:03 pm
South India Paper Mills: Open Offer for 26% Stake at ₹120/Share
AI Summary
South India Paper Mills Ltd has received a Letter of Offer from Indcap Advisors Pvt Limited, acting on behalf of Acquirers Mrs Nandini Modi and Mr Kirit Modi along with Persons Acting in Concert (PACs). The open offer is to acquire up to 48,75,000 equity shares, representing 26% of the voting share capital, at an offer price of ₹120 per equity share. This offer is made in compliance with SEBI (SAST) Regulations, 2011. The total value of the open offer is ₹58.5 Crore (48,75,000 shares * ₹120/share).
Key Highlights
- Open offer announced for 26% stake in South India Paper Mills.
- Acquirers: Nandini Modi, Kirit Modi, and PACs.
- Offer price set at ₹120 per equity share.
- Total acquisition target: 48,75,000 equity shares.
- Offer complies with SEBI (SAST) Regulations.
Price Impact
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