Description
BSE revises settlement dates for SKYLINE INDIA LIMITED takeover offer with new obligation download and settlement dates.
Summary
BSE has revised the settlement schedule for the takeover offer of SKYLINE INDIA LIMITED. The acquisition window conducted from July 14-25, 2025 now has updated obligation download and settlement dates of July 30 and 31, 2025 respectively.
Key Points
- Takeover offer period: July 14-25, 2025
- Settlement number: 2025054
- Revised obligation download date: July 30, 2025
- Revised settlement date: July 31, 2025
- Demat shares must be delivered through Early Pay-in mechanism
- Market type “Takeover” and settlement no. 2025035 to be used in depository system
Regulatory Changes
No new regulatory changes introduced - this is a schedule revision for an existing takeover process.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat share delivery
- Must specify Market Type “Takeover” and settlement no. 2025035 in depository system
- Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- Follow guidelines from Notice No.20200528-32 dated May 28, 2020
Important Dates
- Bid period: July 14-25, 2025
- Revised obligation download: July 30, 2025
- Revised settlement date: July 31, 2025
Impact Assessment
Limited impact as this affects only participants in the SKYLINE INDIA LIMITED takeover offer. The one-day extension in settlement timeline provides additional processing time for clearing and settlement operations.
Impact Justification
Settlement schedule revision affects specific takeover process with defined dates