Navigant Corporate Advisors Limited ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement to the Shareholders of Soma Papers & Industries Ltd ("Target Company").
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Navigant Corporate Advisors, acting as Manager to the Offer, has submitted a Pre-Offer Advertisement to BSE for an open offer to acquire up to 4,26,58,200 equity shares (26.00% of expanded capital) of Soma Papers & Industries Limited. The acquirers are Mr. Shankar Varadharajan and Mr. Anancha Perumal Selvi Keshav, along with three Persons Acting in Concert (PACs). The offer price is Rs. 10 per equity share, payable in cash. The Committee of Independent Directors has opined that the offer price is justified and in line with Takeover Code regulations. No competing bid was received, and the offer is scheduled to open on November 28, 2025 and close on December 11, 2025.
Public shareholders of Soma Papers can tender their shares at Rs. 10 per share during the offer window (Nov 28 – Dec 11, 2025). The offer price being at par with face value suggests limited premium, which may influence shareholders' decision to tender based on the stock's prevailing market price and future prospects under the new acquirers.