Draft Letter of Offer filed for open offer at ₹120 per share for 26% stake

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹118.35

prior close

₹117.35

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-0.3% vs market

Paper & Paper Products peers, median of 37sector-0.7%-0.2% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.2 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.3

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.6-0.3-0.7-0.2

Next day

-1.6+0.0-1.6+1.7-3.3

-1.1+0.7-1.8+1.1-2.2

-0.3+1.1-1.4+4.4-4.7

-1.6+1.6-3.3+3.4-5.1

-2.7+1.5-4.2+3.9-6.6

+0.4+1.4-1.0+4.7-4.3

15d

-1.8+0.4-2.2+2.7-4.5

+0.5-1.4+2.0+0.7-0.1

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Acquirers Nandini Modi and Kirit Modi, along with 7 persons acting in concert, filed Draft Letter of Offer to acquire up to 48,75,000 shares (26% stake) of South India Paper Mills at ₹120 per share, totalling ₹58.5 crores. This follows a Share Purchase Agreement dated August 18, 2026, triggering a mandatory open offer under SEBI SAST Regulations with change of control. Tender period: October 13-27, 2026.

Likely market impact

Shareholders may tender at ₹120 per share during October 13-27, 2026 window. Acquisition involves change of control, likely boosting stock price and liquidity.