Description
BSE announces settlement calendar for takeover offer of SNS Properties and Leasing Limited from August 26 to September 10, 2025.
Summary
BSE has published the settlement calendar for the takeover offer of SNS Properties and Leasing Limited. The acquisition window will be open from August 26, 2025 to September 10, 2025, with settlement completion on September 24, 2025.
Key Points
- Settlement Type: Takeover (Settlement No. 2025076)
- Bid window: 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 only
- Market type “Takeover” and settlement number 2025076 to be used in depository system
Regulatory Changes
No new regulatory changes introduced. Process follows existing guidelines per Notice No.20200528-32 dated May 28, 2020 regarding acquisition of shares through Stock Exchange.
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 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 should refer to 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
This takeover offer affects shareholders of SNS Properties and Leasing Limited who wish to participate in the acquisition window. Members and custodians need to ensure proper early pay-in procedures are followed to avoid settlement issues. The 16-day bidding window provides adequate time for participation.
Impact Justification
Corporate action affecting specific company shareholders with defined settlement procedures