Description

BSE announces revised settlement dates for the takeover offer by acquisition window for Healthcare Global Enterprises Limited conducted from July 21 to August 1, 2025.

Summary

BSE has revised the settlement schedule for the takeover offer through acquisition window for Healthcare Global Enterprises Limited. The offer period ran from July 21, 2025 to August 1, 2025, with updated obligation download and settlement dates now set for August 6 and 7, 2025 respectively.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025059)
  • Bid Period: July 21, 2025 to August 1, 2025
  • Revised Obligation Download Date: August 6, 2025
  • Revised Settlement Date: August 7, 2025
  • Demat shares must be delivered through Early Pay-in mechanism only
  • Market Type “Takeover” and settlement number 2025035 to be used in depository systems

Regulatory Changes

No new regulatory changes introduced. The circular provides revised dates for an existing takeover settlement process.

Compliance Requirements

  • Members/Custodians must use Early Pay-in of Shares mechanism for demat share delivery
  • Must specify Market Type as “Takeover” and settlement No. 2025035 in depository systems
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Must follow revised guidelines for acquisition of shares through stock exchange as per Notice No. 20200528-32

Important Dates

  • August 6, 2025: Revised Obligation Download Date
  • August 7, 2025: Revised Settlement Date
  • Original bid period: July 21, 2025 to August 1, 2025

Impact Assessment

This revision affects participants in the Healthcare Global Enterprises Limited takeover offer. The two-day extension in settlement timeline provides additional processing time for obligation fulfillment. Impact is limited to specific takeover participants and does not affect broader market operations. Members and custodians need to adjust their settlement processes accordingly.

Impact Justification

Settlement schedule revision affects specific takeover participants but has limited broader market impact