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Nandini Modi
5 articles
The Modi family is significantly increasing its stake in South India Paper Mills, triggering a mandatory open offer to acquire a 26% stake at ₹120 per share, representing a total consideration of ₹58.50 crore. This move, following the acquisition of a 20.21% stake, will elevate Nandini and Kirit Modi and their participant investment companies to promoter status, granting them joint control of the company. The transaction, managed by Indcap Advisors, is fully funded and not subject to minimum acceptance thresholds, suggesting a strong commitment to consolidating control and potentially reshaping the company’s strategic direction.
National General Industries 40th AGM Notice
National General Industries will hold its 40th Annual General Meeting on September 30, 2026 via video conference.
AGM agenda includes re-appointment of director Manhar Modi and special resolutions for
Modi Family Open Offer for 26% of South India Paper
Nandini and Kirit Modi announce mandatory open offer for 26% stake in South India Paper Mills at ₹120 per share.
Offer triggered by Share Purchase Agreement to acquire 20.21% from Harshad and Rajul Mo
South India Paper Mills Open Offer for 26% at ₹120
Nandini Modi and Kirit Modi launch mandatory open offer for 26% stake in South India Paper Mills at ₹120 per share.
Offer triggered by Share Purchase Agreement to acquire 20.21% from Harshad and Rajul
South India Paper Mills 26% Open Offer at ₹120
Nandini and Kirit Modi announce mandatory open offer for 26% of South India Paper Mills at ₹120 per share, triggered by a separate 20.21% stake purchase.
The open offer seeks to acquire up to 48.75 la
Modi Family Open Offer for 26% South India Paper Mills
Nandini and Kirit Modi announce mandatory open offer for 26% stake in South India Paper Mills at ₹120/share, triggered by a separate 20.21% acquisition.
The offer, managed by Indcap Advisors, is for u