Open Offer at Rs 120 per share for 26 percent stake in South India Paper Mills

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

Price

Loading chart…

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

Price reaction · full curve 14 horizons · vs prior close

-0.3%1-day move

₹117.35

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-0.3+0.6-0.8-1.9-0.7+0.6-1.2+1.4——

Up moveDown movePending

AI summary

Draft Letter of Offer received for open offer by Nandini Modi and Kirit Modi along with 7 PACs to acquire up to 48,75,000 equity shares (26 percent of voting capital) of South India Paper Mills at Rs 120 per share, aggregating Rs 58.50 crores. Triggered by a Share Purchase Agreement dated August 18, 2026 with sellers Harshad Modi and Rajul Modi for a 20.21 percent stake. Offer involves change of control under SEBI SAST Regulations. Tendering period: October 13 to October 27, 2026. Manager is Indcap Advisors; Registrar is KFin Technologies.

Likely market impact

Public shareholders can tender shares at Rs 120 between Oct 13 and Oct 27, 2026. Change of control expected; share price may move toward offer price.