Open Offer25 Aug 2026, 07:40 pm
South India Paper Mills: Open Offer for 26% Stake at ₹120/Share
AI Summary
South India Paper Mills Ltd has received a Detailed Public Statement from Acquirers Mrs. Nandini Modi and Mr. Kirit Modi regarding an open offer to acquire up to 48,75,000 equity shares, representing 26% of the voting share capital. The offer price is set at ₹120 per share. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011, and is managed by Indcap Advisors Pvt Ltd. The acquisition involves the Acquirers along with several Persons Acting in Concert (PACs).
Key Highlights
- Open offer to acquire 26% stake in South India Paper Mills.
- Offer price set at ₹120 per equity share.
- Acquirers Nandini Modi and Kirit Modi lead the offer.
- Total of 48,75,000 shares are being offered.
- The offer is in compliance with SEBI (SAST) Regulations, 2011.
Price Impact
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