Description
Settlement calendar for takeover offer of SNS Properties and Leasing Limited scheduled from August 26 to September 10, 2025.
Summary
BSE has announced the settlement schedule for the takeover offer of SNS Properties and Leasing Limited through acquisition window. The offer period runs from August 26, 2025 to September 10, 2025, with settlement scheduled for September 24, 2025.
Key Points
- Takeover settlement number: 2025076
- Bid period: August 26, 2025 to September 10, 2025
- Obligation download date: September 23, 2025
- Settlement date: September 24, 2025
- Demat shares must be delivered through Early Pay-in mechanism only
- Market type “(Takeover)” and settlement number 2025076 to be used in depository system
Regulatory Changes
No new regulatory changes introduced. Process follows existing revised guidelines for acquisition of shares through stock exchange as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat delivery
- Must specify Market Type “(Takeover)” and settlement No.2025076 in depository system
- Early pay-in must be completed before prescribed timelines for bid acceptance/confirmation
- Securities will be automatically earmarked/blocked in client accounts
- No EPN file upload required
- Members should 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 date
- September 24, 2025: Settlement date
Impact Assessment
Medium impact on market participants involved in the takeover of SNS Properties and Leasing Limited. Standard procedural requirements with emphasis on proper early pay-in timing to ensure seamless settlement process.
Impact Justification
Standard takeover settlement schedule with specific procedural requirements for market participants