Open Offer18 Aug 2026, 08:00 pm
South India Paper Mills: Open Offer for 26% stake at ₹120/share
AI Summary
Indcap Advisors Pvt. Ltd., acting as Manager to the Offer, has submitted a Public Announcement regarding an Open Offer for South India Paper Mills Limited. Nandini Modi and Kirit Modi, along with several Persons Acting in Concert (PACs), intend 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, aiming to acquire substantial control of the target company.
Key Highlights
- Open Offer announced for South India Paper Mills Limited.
- Acquirers aim to buy up to 26% stake.
- Offer price set at ₹120 per equity share.
- Transaction is compliant with SEBI (SAST) Regulations.
- Manager to the Offer is Indcap Advisors Pvt. Ltd.
Price Impact
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