Open offer at Rs 120 per share by Modi acquirers for South India Paper Mills

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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

+1.0%Reaction day

₹115.85

prior close

₹115.80

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+2.0% vs market

Paper & Paper Products peers, median of 32sector-1.1%+2.1% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.1 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.

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Reaction day

+1.0-1.0+2.0-1.1+2.1

Next day

-0.5-3.3+2.8-2.5+2.0

+1.1-2.9+4.0-2.2+3.3

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+0.6pendingpending-1.6+2.2

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 32Pending

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

AI summary

Nandini Modi and Kirit Modi (acquirers) along with PACs have launched an open offer to acquire up to 48,75,000 equity shares (26% of voting capital) of South India Paper Mills at Rs 120 per share. Offer opens Oct 22 and closes Nov 4, 2026. IDC recommended the offer price as fair. A risk factor notes J K Paper has raised objections over non-compete issues which could delay or prevent completion.

Likely market impact

Public shareholders can tender shares at Rs 120. Offer is above the Oct 12 closing of Rs 116.50. J K Paper dispute poses a completion risk to the deal.