Description

Schedule of activities for the acquisition takeover of SNS Properties and Leasing Limited shares from August 26 to September 10, 2025.

Summary

BSE has announced the schedule for an Offer to Buy (Acquisition Window/Takeover) for SNS Properties and Leasing Limited. The offer will run from Tuesday, August 26, 2025, to Wednesday, September 10, 2025, targeting up to 3,90,000 equity shares at Rs. 10.00 per share.

Key Points

  • Security: SNS Properties and Leasing Limited (Symbol: SNSPL)
  • ISIN: INE777R01019, Scrip Code: 201845
  • Offer size: Up to 3,90,000 equity shares
  • Offer price: Rs. 10.00 per share (face value Rs. 10.00)
  • Market lot: 1 share
  • Company is only listed on Metropolitan Stock Exchange of India Limited
  • Multiple investor categories eligible: FII, FI, MF, IC, OTH, NOH, CO, IND

Regulatory Changes

No regulatory changes introduced. This is a procedural notice for takeover activities under existing OTB framework.

Compliance Requirements

  • Trading Members and Custodian Members must note the schedule
  • UCC of investors must be registered/updated with correct PAN Number and Category
  • Trading Members can only bid for investors having shares in demat form
  • Members must refer to Exchange Notices 20150930-1 and 20170203-29 for operational instructions

Important Dates

  • Opening Date: Tuesday, August 26, 2025
  • Closing Date: Wednesday, September 10, 2025
  • Bid Offering Period: August 26 - September 10, 2025 (9:15 AM - 3:30 PM)
  • Give-up/Take-up Period: August 26 - September 9, 2025 (9:15 AM - 3:30 PM)
  • Final Give-up: September 10, 2025 (9:15 AM - 3:30 PM)
  • Final Take-up: September 10, 2025 (9:15 AM - 4:00 PM)

Impact Assessment

Minimal market impact expected as SNS Properties and Leasing Limited is only listed on Metropolitan Stock Exchange with a relatively small offer size of 3,90,000 shares. The takeover activity is routine and follows established OTB procedures. Trading members need to ensure technical readiness for iBBS and RTRMS platforms during the offer period.

Impact Justification

Medium importance due to takeover activity but low impact as company is only listed on Metropolitan Stock Exchange with limited offer size