Modi family open offer at Rs 120 per share for 26 percent stake

Listed-company 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

+0.5%Reaction day

₹117.00

prior close

₹119.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+2.1% vs market

Paper & Paper Products peers, median of 36sector-1.8%+2.3% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.3 pts more 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

-0.6

10m

-0.5

15m

-0.8

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5-1.6+2.1-1.8+2.3

Next day

+0.9-1.0+1.9-1.0+1.9

-0.8-2.6+1.8-3.3+2.5

-1.0-5.1+4.2-6.0+5.0

+0.0-6.1+6.1-6.7+6.7

-1.5-8.3+6.8-8.7+7.2

-1.2-6.4+5.1-6.2+5.0

15d

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 36Pending

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

AI summary

Nandini Modi and Kirit Modi with 7 PACs launched an open offer for up to 48,75,000 shares (26%) of South India Paper Mills at Rs 120 per share. Offer runs Oct 22 to Nov 4, 2026, triggered by Aug 18 Share Purchase Agreement causing change of control. BSE closing price on Oct 12 was Rs 116.50. Indcap Advisors is the manager. Risk: J K Paper objects to non-compete, may delay or derail the deal.

Likely market impact

Shareholders may tender at Rs 120, a small premium to Oct 12 close of Rs 116.50. Deal completion uncertain due to J K Paper non-compete objection.