Description
BSE announces the schedule of activities for acquisition window takeover offer for RAMCHANDRA LEASING FINANCE LTD from September 4-18, 2025.
Summary
BSE has announced the schedule for an Offer to Buy (Acquisition Window/Takeover) for shares of RAMCHANDRA LEASING FINANCE LTD (RLFL). The offer will run from September 4, 2025 to September 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
- Session timings: 9:15 AM to 3:30 PM (bid offering), extended to 4:00 PM on last day for take-up
Regulatory Changes
No regulatory changes introduced. This is a standard takeover procedure following existing OTB framework.
Compliance Requirements
- Trading Members must ensure UCC of investors is registered 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
- Access to iBBS platform, RTRMS, and Extranet required for participation
Important Dates
- Opening Date: Thursday, September 4, 2025
- Closing Date: Thursday, 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
Limited market impact as this is a company-specific takeover offer. Primary impact on RLFL shareholders who may participate in the acquisition window. Trading members handling RLFL clients need to prepare systems for OTB participation. No broader market operational changes expected.
Impact Justification
Company-specific takeover offer with limited market-wide impact but important for RLFL shareholders