South India Paper Mills Ltd
Indcap Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the public shareholders of South India Paper Mills Ltd ("Target Company").
M&A
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MEDIUM RISK
📅 Filed on BSE: 02 Sep 2026, 01:35 PM IST · BSE ID: 975d6866-953d-4ef2-84da-a19c3406ef33
View Original BSE Filing (PDF)
💡
In Simple Terms
An investment group has made a cash offer to buy 26.00% of South India Paper Mills' shares from public shareholders at ₹120 per share.
🤖 AI Summary
- Nandini Modi and Kirit Modi, with PACs, announced an Open Offer for South India Paper Mills Ltd.
- Offer to acquire up to 48,75,000 equity shares, representing 26.00% of voting share capital.
- The cash offer price is ₹120 per fully paid-up equity share for public shareholders.
- Indcap Advisors Private Limited has been appointed as the Manager to the Open Offer.
- The offer is made under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares to be Acquired
48,75,000
Percentage of Voting Share Capital
26.00%
Offer Price per Equity Share
₹120
🏢 How This Affects the Company
This open offer could lead to a change in the company's ownership structure and potentially alter strategic direction for South India Paper Mills Ltd.
👥 What This Means For Shareholders
✅
Action Required
Public shareholders of The South India Paper Mills Limited should review the Draft Letter of Offer and decide whether to tender their shares into the Open Offer.
👤
Who Is Affected
Public shareholders are affected as the Acquirers, along with PACs, are offering to purchase up to 48,75,000 equity shares, representing 26.00% of the total equity and voting share capital.
🔍
Management Signal
The announcement signals a confirmed intent by the Acquirers and PACs to increase their stake in The South India Paper Mills Limited through a regulated open offer process.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Final Letter of Offer publication date to public shareholders.
Open Offer tendering period commencement and end dates.
Details of the post-offer shareholding pattern.
MEDIUM RISK
Shareholders face a decision point regarding tendering shares, with the risk of market price fluctuations around the offer price.
💡 Investor Takeaway
Nandini Modi and Kirit Modi, with PACs, initiated an Open Offer for South India Paper Mills Ltd to acquire 48,75,000 equity shares, equating to 26.00% of voting share capital. The offer price is ₹120 per fully paid-up equity share.
❓ Frequently Asked Questions
What is the offer price for the South India Paper Mills Ltd Open Offer?
The offer price for the Open Offer is ₹120 per fully paid-up equity share of The South India Paper Mills Limited.
How many equity shares are targeted in the Open Offer for South India Paper Mills Ltd?
The Open Offer targets the acquisition of up to 48,75,000 fully paid-up equity shares of The South India Paper Mills Limited, representing 26.00% of the voting share capital.
Which regulations govern this Open Offer for South India Paper Mills Ltd?
This Open Offer is being made pursuant to and in compliance with Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
Questions based on this BSE filing only. For information purposes.