Navigant Corporate Advisors Limited ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Equity Shareholders of Soma Papers & Industries ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Navigant Corporate Advisors Limited, acting as Manager to the Offer, has submitted the Draft Letter of Offer to BSE and SEBI on August 22, 2025, for Soma Papers and Industries Limited (BSE Code: 516038). The offer is being made under the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, by Acquirers and Persons Acting in Concert (PACs), with Mr. Anancha Perumal Selvi Keshav identified as Acquirer-2. The offer process began with a Public Announcement on August 07, 2025, followed by a Detailed Public Statement in newspapers on August 14, 2025, and an EGM notice on August 13, 2025. A valuation report was issued by CA Amit Maloo on August 07, 2025, as required under the Takeover Code.
Equity shareholders of Soma Papers and Industries should review the offer terms, price, and timeline in the Draft Letter of Offer. The stock may see price movement based on the offer price premium relative to market price; shareholders will need to decide whether to tender their shares in the open offer.