Description

BSE announces schedule for acquisition window takeover of ESSAR INDIA LIMITED shares from September 1-15, 2025 with offer price of Rs. 8.00 per share.

Summary

BSE has announced the schedule for an Offer to Buy – Acquisition Window (Takeover) for ESSAR INDIA LIMITED shares. The offer will run from September 1, 2025 to September 15, 2025, with an offer price of Rs. 8.00 per share for up to 53,15,050 equity shares.

Key Points

  • Security: ESSAR INDIA LIMITED (Symbol: ESARIND, ISIN: INE404L01039)
  • Offer Size: Up to 53,15,050 equity shares
  • Offer Price: Rs. 8.00 per share (Face Value: Rs. 10.00)
  • Market Lot: 1 share
  • Trading through iBBS platform and RTRMS systems
  • Multiple investor categories eligible including FII, FI, MF, IC, and individual investors

Regulatory Changes

No regulatory changes announced. This is an operational notice for a specific takeover offer.

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
  • Trading Members and Custodian Members must follow operational instructions from previous circulars (20150930-1 and 20170203-29)
  • Access to various BSE platforms (iBBS, RTRMS, Extranet) required for participation

Important Dates

  • Opening Date: September 1, 2025
  • Closing Date: September 15, 2025
  • Bid Offering Period: September 1-15, 2025 (9:15 AM to 3:30 PM)
  • Give-up/Take-up Period: September 1-12, 2025 (9:15 AM to 3:30 PM)
  • Last Day Give-up: September 15, 2025 (9:15 AM to 3:30 PM)
  • Last Day Take-up: September 15, 2025 (9:15 AM to 4:00 PM)

Impact Assessment

This takeover offer affects ESSAR INDIA LIMITED shareholders who may choose to tender their shares. The offer represents a discount to the face value (Rs. 8.00 vs Rs. 10.00 face value), indicating potential distressed situation. Trading members need to prepare systems and processes for the 15-day offer period. Limited impact on broader market operations as it’s specific to one security in the debt segment.

Impact Justification

Specific to one stock but involves significant corporate action affecting shareholders