Description
BSE announces live activities schedule for takeover offer of Ramchandra Leasing Finance Ltd from September 4-18, 2025 with offer price of Rs. 2.36 per share.
Summary
BSE has announced the live activities schedule for the Offer to Buy – Acquisition Window (Takeover) for Ramchandra Leasing Finance Ltd (RLFL). The takeover offer is scheduled from September 4, 2025 to September 18, 2025, with an offer price of Rs. 2.36 per share for up to 2,11,02,120 equity shares.
Key Points
- Security: RAMCHANDRA LEASING FINANCE LTD (RLFL)
- ISIN: INE516P01015, Scrip Code: 538540
- Offer size: Up to 2,11,02,120 equity shares
- Offer price: Rs. 2.36 per share
- Face value: Rs. 1.00
- Market lot: 1
- Bid offering period: 9:15 AM to 3:30 PM daily
- Give-up/Take-up timings: 9:15 AM to 3:30 PM (except last day)
- Last day take-up extended till 4:00 PM
Regulatory Changes
No regulatory changes introduced. This follows existing OTB operational framework as per Exchange Notices 20150930-1 and 20170203-29.
Compliance Requirements
- Trading members must ensure UCC registration with correct PAN and category
- Only investors with shares in demat form can participate
- Members must use designated platforms: iBBS, RTRMS, and Extranet
- Proper documentation and bid acceptance procedures must be followed
Important Dates
- Opening Date: September 4, 2025
- Closing Date: September 18, 2025
- Bid Period: September 4-18, 2025 (9:15 AM - 3:30 PM)
- Give-up Period: September 4-17, 2025 (9:15 AM - 3:30 PM)
- Last Day Give-up: September 18, 2025 (9:15 AM - 3:30 PM)
- Last Day Take-up: September 18, 2025 (9:15 AM - 4:00 PM)
Impact Assessment
Limited market impact as this is a company-specific takeover offer. Primary impact on RLFL shareholders who may participate in the acquisition. Trading volumes in RLFL may increase during the offer period. No broader market implications expected.
Impact Justification
Company-specific takeover offer with limited market-wide impact but important for RLFL shareholders