Description

BSE announces the schedule for takeover offer to buy up to 2,11,02,120 equity shares of RAMCHANDRA LEASING FINANCE LTD at Rs. 2.36 per share from September 4-18, 2025.

Summary

BSE has announced the schedule for an Offer to Buy (Acquisition Window/Takeover) for RAMCHANDRA LEASING FINANCE LTD (RLFL). The offer is for up to 2,11,02,120 equity shares at Rs. 2.36 per share, running from September 4-18, 2025. Trading and custodian members are provided with detailed operational procedures and system access information.

Key Points

  • Security: RAMCHANDRA LEASING FINANCE LTD (Symbol: 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 share
  • Multiple investor categories eligible including FII, FI, MF, IC, and others

Regulatory Changes

No new 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 of investors is registered with correct PAN and category
  • Members can only bid for investors having shares in demat form
  • UCC database must be updated with accurate investor information
  • Members must use designated BSE platforms (iBBS, RTRMS, Extranet) for participation

Important Dates

  • Opening Date: September 4, 2025
  • Closing Date: September 18, 2025
  • Bid Offering Period: September 4-18, 2025 (9:15 AM - 3:30 PM)
  • Give-up/Take-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

Medium impact on RLFL shareholders and trading operations. The takeover offer provides exit opportunity for existing shareholders at Rs. 2.36 per share. Trading members need to prepare systems and processes for the 15-day offer period. No impact expected on broader market operations as this is a single-stock corporate action.

Impact Justification

Takeover offer affects specific stock with defined timeline and procedures for trading members