Description
BSE extends the open offer period for KOLTE-PATIL DEVELOPERS LIMITED takeover from August 22 to September 9, 2025.
Summary
BSE has extended the opening period for the Offer to Buy (Takeover) of KOLTE-PATIL DEVELOPERS LIMITED. The revised schedule runs from Friday, August 22, 2025, to Tuesday, September 9, 2025, as informed by the Manager to Issue JM Financial Ltd.
Key Points
- Extension of open offer period for KOLTE-PATIL DEVELOPERS LIMITED takeover
- Revised schedule communicated by JM Financial Ltd (Manager to Issue)
- Acquisition window for bidding closes on Monday, September 8, 2025
- Early closure due to SEBI Holiday on September 9, 2025
Regulatory Changes
No regulatory changes - this is a procedural schedule extension for an existing takeover offer.
Compliance Requirements
- Trading Members and Custodians must note the revised schedule
- All bidding must be completed by Monday, September 8, 2025
- Contact BSE officials for further clarification if needed
Important Dates
- Open Offer Period: August 22, 2025 to September 9, 2025
- Acquisition Window Closure: Monday, September 8, 2025
- SEBI Holiday: Tuesday, September 9, 2025
Impact Assessment
Medium impact on shareholders of KOLTE-PATIL DEVELOPERS LIMITED who wish to participate in the takeover offer. The extension provides additional time for decision-making but requires attention to the earlier closure date due to the SEBI holiday.
Impact Justification
Schedule extension for takeover offer affects shareholders and trading timeline