Description
BSE extends the open offer period for Kolte-Patil Developers Limited takeover from August 22, 2025 to September 9, 2025.
Summary
BSE has announced an extension of the open offer period for the takeover of Kolte-Patil Developers Limited. The revised schedule extends the offer period from Friday, August 22, 2025 to Tuesday, September 9, 2025, as informed by the issue manager JM Financial Ltd.
Key Points
- Extension of open offer period for Kolte-Patil Developers Limited takeover
- Issue manager: JM Financial Ltd
- Acquisition window for bidding closes on Monday, September 8, 2025
- Closure moved due to SEBI Holiday
- Trading members and custodians are notified of the revised schedule
Regulatory Changes
No regulatory changes, only schedule revision for existing takeover process.
Compliance Requirements
- Trading members and custodians must note the revised timeline
- Bidding must be completed by September 8, 2025
- Contact BSE officials for further clarifications if needed
Important Dates
- Open Offer Period: August 22, 2025 to September 9, 2025
- Acquisition Window Closure: September 8, 2025
- Notice Date: September 5, 2025
Impact Assessment
This is a procedural extension that provides additional time for investors to participate in the takeover offer. The extension accommodates the SEBI holiday and ensures adequate time for bidding. Impact is primarily on timeline management for interested parties in the Kolte-Patil Developers takeover process.
Impact Justification
Schedule extension for takeover offer affects trading timeline but is procedural in nature