Description
Updated settlement dates for the takeover offer of KOLTE-PATIL DEVELOPERS LTD with new obligation download and settlement dates.
Summary
BSE has revised the settlement schedule for the takeover offer of KOLTE-PATIL DEVELOPERS LTD. The bid period ran from August 22, 2025 to September 9, 2025, with updated obligation download date of September 11, 2025 and revised settlement date of September 12, 2025.
Key Points
- Settlement Type: Takeover (Settlement No. 2025073)
- Bid Period: August 22, 2025 to September 9, 2025
- Revised Obligation Download: September 11, 2025
- Revised Settlement Date: September 12, 2025
- Demat shares must be delivered through Early Pay-in mechanism
- Market Type “(Takeover)” to be used in depository systems
Regulatory Changes
No regulatory changes introduced - this is a procedural schedule revision for an existing takeover offer.
Compliance Requirements
- Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2025073 in depository systems
- 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 revised guidelines for acquisition of shares through stock exchange (Notice No.20200528-32)
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 trading participants involved in the KOLTE-PATIL DEVELOPERS takeover offer. The revision provides updated timeline for settlement obligations and payment processing. Members and custodians need to adjust their processing schedules accordingly.
Impact Justification
Settlement schedule revision affects trading participants but is procedural in nature