Description
BSE extends the bid end date for KOLTE-PATIL DEVELOPERS LTD takeover offer from August 8 to September 9, 2025, with revised settlement dates.
Summary
BSE has revised the settlement schedule for the KOLTE-PATIL DEVELOPERS LTD takeover offer under the Acquisition Window. The bid end date has been extended from August 8, 2025 to September 9, 2025, with corresponding adjustments to settlement dates.
Key Points
- Takeover offer period: August 22, 2025 to September 9, 2025 (extended)
- Settlement number: 2025073
- Obligation download date: September 19, 2025
- Revised settlement date: September 22, 2025
- Demat shares must be delivered through Early Pay-in mechanism
Regulatory Changes
No new regulatory changes, but revised timeline implementation for existing takeover framework as per May 28, 2020 guidelines.
Compliance Requirements
- Members/Custodians must use Market Type “(Takeover)” and settlement No. 2025035 in depository system
- Demat shares delivery only through Early Pay-in of Shares mechanism available in both depositories
- Members to refer MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- Follow acquisition guidelines per Notice No.20200528-32
Important Dates
- Bid Period: August 22, 2025 to September 9, 2025
- Obligation Download: September 19, 2025
- Settlement Date: September 22, 2025
Impact Assessment
The extension provides additional time for shareholders to participate in the takeover offer. Trading members and custodians need to adjust their settlement processes and client communications accordingly. The revised timeline may affect market liquidity and trading patterns for KOLTE-PATIL DEVELOPERS LTD shares during the extended offer period.
Impact Justification
Schedule revision affects specific takeover timeline for shareholders and trading members