Description
BSE announces settlement schedule for acquisition window takeover of Kolte-Patil Developers Ltd from August 22 to September 8, 2025.
Summary
BSE has announced the settlement schedule for the Offer to Buy - Acquisition Window (Takeover) for Kolte-Patil Developers Ltd. The takeover bid window will be open from August 22, 2025 to September 8, 2025, with settlement number 2025073.
Key Points
- Takeover bid window: August 22, 2025 to September 8, 2025
- Settlement number: 2025073
- Obligation download date: September 19, 2025
- Settlement date: September 22, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
- Market type “Takeover” to be used in depository system
Regulatory Changes
No new regulatory changes. Process follows existing BSE guidelines for acquisition of shares through stock exchange as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Market Type “Takeover” and settlement number 2025073 in depository system
- Early pay-in of securities must be completed sufficiently in advance before BSE OTB bidding window closure
- CDSL & NSDL will earmark/block securities in clients’ accounts
- No EPN file upload required
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for stamp duty charges
Important Dates
- Bid start date: August 22, 2025
- Bid end date: September 8, 2025
- Obligation download: September 19, 2025
- Settlement date: September 22, 2025
Impact Assessment
Limited impact as this affects only Kolte-Patil Developers Ltd shareholders and those participating in the takeover process. Standard settlement procedures apply with emphasis on early pay-in mechanism for demat shares.
Impact Justification
Specific to one company's takeover process with defined procedures and timelines