Description
BSE announces schedule for offer to buy acquisition window takeover of KOLTE PATIL DEVELOPERS LTD shares from August 21 to September 8, 2025.
Summary
BSE has announced the schedule for an Offer to Buy – Acquisition Window (Takeover) for KOLTE PATIL DEVELOPERS LTD shares. The offer will run from Thursday, August 21, 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 (Symbol: KOLTEPATIL)
- ISIN: 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
Trading Schedule
- Opening Date: Thursday, August 21, 2025
- Closing Date: Monday, September 8, 2025
- Bid Offering Period: August 21 to September 8, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up: August 21 to September 5, 2025 (9:15 AM to 3:30 PM)
- Give-up (last day): September 8, 2025 (9:15 AM to 3:30 PM)
- Take-up (last day): September 8, 2025 (9:15 AM to 4:00 PM)
Compliance Requirements
- Trading members must ensure UCC of investors is registered with correct PAN and category
- Members can only bid for investors having shares in demat form
- Platform access through iBBS, RTRMS, and Extranet systems
- Files for acceptance of bids available on Extranet after issue closure confirmation
Bidding Categories
- Foreign Institutional Buyer (FII)
- Financial Institution (FI)
- Mutual Fund (MF)
- Insurance Companies (IC)
- Other QIBs (OTH)
- Other NIB (NOH)
- Company (CO)
- Individual (IND)
Impact Assessment
This takeover offer provides an exit opportunity for KOLTE PATIL DEVELOPERS LTD shareholders at a fixed price of Rs. 329 per share. The 19-day offer period allows sufficient time for investor participation, with specific trading windows for different activities.
Impact Justification
Corporate action affecting specific stock with defined trading schedule for acquisition window