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

Open offer triggeredListed-company 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

+0.7%Reaction day

₹116.15

prior close

₹118.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+0.0% vs market

Paper & Paper Products peers, median of 35sector+1.2%-0.5% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.5 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

+0.8

10m

+0.8

15m

+0.2

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7+0.7+0.0+1.2-0.5

Next day

+1.2-1.0+2.2-0.1+1.3

+1.6-0.3+1.9-0.1+1.7

-0.1-1.9+1.8-1.1+1.0

-0.3-4.5+4.2-3.9+3.7

+0.7-5.5+6.2-5.2+6.0

+0.8-7.3+8.1-5.3+6.1

15d

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 35Pending

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

AI summary

Nandini Modi and Kirit Modi with 7 acting-in-concert parties have launched an open offer for up to 48.75 lakh shares (26 percent) of South India Paper Mills at Rs 120 per share in cash. The offer runs October 22 to November 4, 2026. This follows a share purchase agreement dated August 18, 2026, triggering a mandatory open offer under SEBI takeover rules with change in control. Market price was Rs 116.50 on October 12. Note: J K Paper has raised a non-compete dispute that could delay or derail the deal.

Likely market impact

Public shareholders can tender at Rs 120 per share (above market Rs 116.50) from Oct 22 to Nov 4, 2026. Non-compete dispute with J K Paper is a key risk.