South India Paper Mills: Open Offer for 26% stake at ₹120/share

Indcap Advisors Pvt. Ltd., acting as the Manager to the Offer, has submitted a Draft Letter of Offer to BSE regarding an open offer for South India Paper Mills Ltd. Nandini Modi and Kirit Modi, along with several Persons Acting in Concert (PACs), are making an open offer to acquire up to 48,75,000 equity shares, representing 26% 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.