Description
BSE announces schedule for Kolte Patil Developers Ltd takeover offer from August 22 to September 8, 2025.
Summary
BSE announces the schedule for Offer to Buy - Acquisition Window (Takeover) for Kolte Patil Developers Ltd shares. The offer will run from Friday, August 22, 2025 to Monday, September 8, 2025, covering up to 2,30,56,825 equity shares at Rs. 329.00 per share.
Key Points
- Security: Kolte Patil Developers Ltd (KOLTEPATIL, INE094I01018, Scrip Code 532924)
- Offer size: Up to 2,30,56,825 equity shares
- Offer price: Rs. 329.00 per share
- Face value: Rs. 10.00
- Market lot: 1 share
- Bid offering period: August 22 to September 8, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up period: August 22 to September 5, 2025 (9:15 AM to 3:30 PM)
- Last day give-up: September 8, 2025 (9:15 AM to 3:30 PM)
- Last day take-up: September 8, 2025 (9:15 AM to 4:00 PM)
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must ensure UCC of investors is registered with correct PAN number and category
- Members can only bid for investors having shares in demat form
- Trading members and custodian members must follow operational instructions per Exchange Notices 20150930-1 and 20170203-29
- Access to iBBS platform, RTRMS, and Extranet required for participation
Important Dates
- Opening Date: Friday, August 22, 2025
- Closing Date: Monday, September 8, 2025
- Give-up/Take-up Period: August 22 to September 5, 2025
- Last Day Operations: September 8, 2025
Impact Assessment
This takeover offer affects Kolte Patil Developers Ltd shareholders who may choose to tender their shares. The offer represents a significant corporate action that could impact the company’s ownership structure and share price. Trading members need to prepare systems and processes for handling the acquisition window operations during the specified period.
Impact Justification
Specific to one stock but involves significant corporate action affecting shareholders