Description
Updated settlement calendar for takeover offer conducted from August 22 to September 9, 2025 with revised obligation and settlement dates.
Summary
BSE has revised the settlement schedule for the takeover offer of KOLTE-PATIL DEVELOPERS LTD. The acquisition window was conducted from August 22 to September 9, 2025, with updated obligation download and settlement dates.
Key Points
- 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 mechanism
- Market Type “Takeover” and settlement number must be specified in depository systems
Regulatory Changes
No new regulatory changes introduced. This is a procedural revision to existing takeover settlement timeline.
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 must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Follow revised guidelines for acquisition of shares through Stock Exchange per Notice No.20200528-32
Important Dates
- September 11, 2025: Revised Obligation Download Date
- September 12, 2025: Revised Settlement Date
- Original bid period: August 22 - September 9, 2025
Impact Assessment
Limited impact affecting only participants in the KOLTE-PATIL DEVELOPERS takeover offer. The revision provides additional time for settlement obligations and ensures proper processing of the acquisition window transactions.
Impact Justification
Settlement schedule revision affects specific takeover participants but is procedural in nature