Description
Updated settlement calendar for takeover offer of Kolte-Patil Developers Ltd conducted from August 22 to September 8, 2025.
Summary
BSE has revised the settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for KOLTE-PATIL DEVELOPERS LTD. The takeover offer was conducted from August 22, 2025 to September 8, 2025, with updated obligation download and settlement dates.
Key Points
- Settlement Type: Takeover (Settlement No. 2025073)
- Bid Period: August 22, 2025 to September 9, 2025
- Revised Obligation Download Date: September 11, 2025
- Revised Settlement Date: September 12, 2025
- Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
- Market Type “(Takeover)” and settlement No. 2025073 must be used in depository systems
Regulatory Changes
No new regulatory changes introduced. This circular provides revised dates for an existing takeover settlement process.
Compliance Requirements
- Members/Custodians must use Market Type “(Takeover)” and settlement No. 2025073 in depository system
- Demat shares delivery only through Early Pay-in of Shares mechanism
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Settlement must follow Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange (Notice No.20200528-32 dated May 28, 2020)
Important Dates
- Bid End Date: September 9, 2025
- Revised Obligation Download: September 11, 2025
- Revised Settlement Date: September 12, 2025
Impact Assessment
Medium impact on market participants involved in the Kolte-Patil Developers takeover offer. The revision provides clarity on settlement timeline and ensures proper completion of the acquisition process. Members and custodians need to adjust their settlement operations according to the revised dates.
Impact Justification
Settlement date revision affects participants in the takeover offer with specific compliance requirements