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

Nandini Modi and Kirit Modi, along with associated parties (PACs), have announced an open offer to acquire up to 48,75,000 equity shares of The South India Paper Mills Limited. This represents 26% of the company's total equity and voting share capital. The offer price is set at ₹120 per fully paid-up equity share. The open offer is being made in compliance with SEBI (SAST) Regulations, 2011. Indcap Advisors Private Limited has been appointed as the Manager to the Open Offer.