Description
BSE announces the schedule for Offer to Buy acquisition window for SER Industries Ltd shares from August 20 to September 3, 2025.
Summary
BSE has announced the schedule for Offer to Buy (OTB) - Acquisition Window (Takeover) for SER Industries Ltd shares. The offer period runs from August 20, 2025 to September 3, 2025, with an offer size of up to 2,57,294 equity shares at Rs. 35.00 per share.
Key Points
- Security: SER Industries Ltd (Symbol: SERIND, Scrip Code: 507984)
- ISIN: INE358F01013
- Offer size: Up to 2,57,294 equity shares
- Offer price: Rs. 35.00 per share
- Face value: Rs. 10.00
- Market lot: 1 share
- Bid offering period: August 20-September 3, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up period: August 20-September 2, 2025 (9:15 AM to 3:30 PM)
- Final take-up day: September 3, 2025 (9:15 AM to 4:00 PM)
Regulatory Changes
No regulatory changes introduced. This follows existing OTB operational framework as per Exchange Notices 20150930-1 and 20170203-29.
Compliance Requirements
- Trading members must ensure investor UCC registration with correct PAN and category
- Only investors with shares in demat form can participate
- Members must use designated BSE platforms (iBBS, RTRMS, Extranet)
- Proper bidding category classification required (FII, FI, MF, IC, OTH, NOH, CO, IND)
Important Dates
- August 20, 2025: Offer opening date and start of bid offering period
- August 20 - September 2, 2025: Give-up/Take-up period
- September 3, 2025: Offer closing date and final take-up day
- Daily timing: 9:15 AM to 3:30 PM (extended to 4:00 PM on final day for take-up)
Impact Assessment
Limited market impact as this is a company-specific takeover offer affecting only SER Industries Ltd shareholders. The offer represents a standard acquisition window procedure with no broader market implications. Trading members and custodians need to ensure system readiness for OTB module participation.
Impact Justification
Standard takeover procedure for specific company with limited market-wide impact