Description
BSE extends the open offer period for NACL Industries takeover from August 22, 2025 to September 9, 2025 with bidding closure on September 8, 2025.
Summary
BSE has extended the open offer period for the takeover of NACL Industries Limited. The revised schedule runs from August 22, 2025 to September 9, 2025, with the acquisition window for bidding closing on September 8, 2025 due to SEBI holiday.
Key Points
- Extension of previously announced takeover offer for NACL Industries Limited
- Manager to Issue: JM Financial Ltd
- Revised open offer period: August 22, 2025 to September 9, 2025
- Acquisition window bidding closes on September 8, 2025
- Closure date adjusted due to SEBI holiday
Regulatory Changes
No regulatory changes - this is a schedule modification of an existing takeover offer.
Compliance Requirements
- Trading Members and Custodians must note the revised schedule
- Contact BSE officials for further clarification if needed
Important Dates
- Open Offer Period: August 22, 2025 to September 9, 2025
- Bidding Closure: September 8, 2025
- Notice Date: September 5, 2025
Impact Assessment
Medium impact on NACL Industries shareholders and trading members. The extension provides additional time for investors to participate in the takeover offer, potentially affecting share price and trading volumes during the extended period.
Impact Justification
Schedule extension for takeover offer affects trading members and investors but is procedural in nature