Open Offer filed to acquire 26 percent stake in South India Paper Mills at Rs 120 per share

Open Offer TriggeredListed Co AcquisitionStrategic 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

-1.2%Reaction day

₹129.25

prior close

₹128.35

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-1.8% vs market

Paper & Paper Products peers, median of 37sector+0.5%-1.7% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.7 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

-4.2

10m

-2.8

15m

-4.2

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.6-1.8+0.5-1.7

Next day

-7.1+0.4-7.5+0.4-7.5

-7.2+0.7-7.8+0.3-7.4

-10.4+1.0-11.4+0.0-10.5

-8.4-0.0-8.4-0.4-8.1

-9.2-0.6-8.6-0.8-8.4

-9.5+0.7-10.2+2.7-12.2

15d

-5.0-1.2-3.8+2.6-7.6

-7.4-0.9-6.5+2.6-10.0

-9.4-9.0-0.4-3.7-5.7

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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

Nandini Modi and Kirit Modi, along with PACs, have filed a Detailed Public Statement for 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, totaling about Rs 58.50 crores. The offer follows an August 18, 2026 SPA where the Acquirers agreed to buy 37,90,240 shares (20.21%) from existing promoters. Upon completion, Acquirers and PACs will gain control and be classified as Promoters.

Likely market impact

Mandatory open offer gives public shareholders an exit opportunity at Rs 120 per share. Likely signals a change of control.