Description
BSE revises settlement schedule for Kolte-Patil Developers takeover offer extending bid end date to September 9, 2025.
Summary
BSE has revised the settlement schedule for the Kolte-Patil Developers Limited takeover offer, extending the bid end date from the original timeline to September 9, 2025. The acquisition window takeover was conducted from August 22, 2025, with revised settlement dates now finalized.
Key Points
- Settlement number: 2025073
- Bid period: August 22, 2025 to September 9, 2025
- Obligation download date: September 19, 2025
- Revised settlement date: September 22, 2025
- Demat shares must be delivered through Early Pay-in mechanism
- Market type “Takeover” and settlement number 2025035 to be used in depository system
Regulatory Changes
No new regulatory changes introduced. This is a schedule revision following existing takeover acquisition guidelines.
Compliance Requirements
- Members/Custodians must use Market Type “Takeover” in depository system
- Demat shares delivery only through Early Pay-in of Shares mechanism
- Reference to settlement guidelines per Notice No.20200528-32 dated May 28, 2020
- Members to refer MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Important Dates
- Bid End Date: September 9, 2025 (revised)
- Obligation Download: September 19, 2025
- Settlement Date: September 22, 2025
Impact Assessment
Limited impact as this affects only Kolte-Patil Developers takeover participants. The extension provides additional time for bid submissions. Standard takeover settlement procedures remain unchanged.
Impact Justification
Routine settlement schedule revision for specific takeover offer affecting single stock