Description
Settlement calendar for offer to buy acquisition window (takeover) for SNS Properties and Leasing Limited from August 26 to September 10, 2025.
Summary
BSE has announced the settlement schedule for the offer to buy acquisition window (takeover) for SNS Properties and Leasing Limited. The takeover will be conducted from August 26, 2025, to September 10, 2025, with settlement on September 24, 2025.
Key Points
- Settlement Type: Takeover (Settlement No. 2025076)
- Bid period: August 26, 2025 to September 10, 2025
- Obligation download: September 23, 2025
- Settlement date: September 24, 2025
- Demat shares must be delivered through Early Pay-in mechanism
- Market type “(Takeover)” and settlement no. 2025076 to be used in depository systems
Regulatory Changes
No new regulatory changes. Process follows existing revised guidelines for acquisition of shares through stock exchange mechanism as per Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat share delivery
- Securities must be earmarked/blocked in client accounts with requisite market type and settlement number
- Early pay-in process must be completed sufficiently in advance of BSE OTB bidding window closure
- No EPN file upload required for CDSL & NSDL early pay-in securities
- Members to refer MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
- August 26, 2025: Bid start date
- September 10, 2025: Bid end date
- September 23, 2025: Obligation download
- September 24, 2025: Settlement date
Impact Assessment
Medium impact limited to SNS Properties and Leasing Limited shareholders and members participating in the takeover process. Standard settlement procedures with specific timeline requirements for early pay-in mechanism to ensure smooth processing of the acquisition window.
Impact Justification
Medium importance as it affects specific company takeover settlement procedures with defined timelines