Description
Schedule of activities for takeover offer of RAMCHANDRA LEASING FINANCE LTD shares from September 4-18, 2025 at Rs. 2.36 per share.
Summary
BSE has announced the schedule for an Offer to Buy (Acquisition Window/Takeover) for RAMCHANDRA LEASING FINANCE LTD (RLFL) shares. The offer runs from September 4-18, 2025, targeting up to 2,11,02,120 equity shares at Rs. 2.36 per share.
Key Points
- Security: RAMCHANDRA LEASING FINANCE LTD (Symbol: RLFL, ISIN: INE516P01015)
- 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
- Trading sessions: 9:15 AM to 3:30 PM (Take-up extends to 4:00 PM on last day)
- Multiple investor categories eligible: FII, FI, MF, IC, OTH, NOH, CO, IND
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 bid acceptance procedures must be followed
Important Dates
- Offer Period: September 4-18, 2025
- Bid Offering: September 4-18, 2025 (9:15 AM - 3:30 PM)
- Give-up/Take-up: September 4-17, 2025 (9:15 AM - 3:30 PM)
- Final Give-up: September 18, 2025 (9:15 AM - 3:30 PM)
- Final Take-up: September 18, 2025 (9:15 AM - 4:00 PM)
Impact Assessment
Medium impact on RAMCHANDRA LEASING FINANCE LTD shareholders who may participate in the takeover offer. The 15-day window provides adequate time for decision-making. Standard OTB procedures minimize operational disruption to regular trading activities.
Impact Justification
Standard takeover procedure for specific stock with defined timelines and processes