Description
Updated settlement calendar for acquisition window takeover of Kolte-Patil Developers 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, 2025 to September 8, 2025, with updated obligation and settlement dates announced.
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 of Shares mechanism
- Market Type “(Takeover)” and settlement No. 2025073 to be used in depository system
Regulatory Changes
No new regulatory changes introduced. This is a schedule revision following existing takeover guidelines.
Compliance Requirements
- Members/Custodians must use Early Pay-in of Shares mechanism for demat share delivery
- Must specify Market Type “(Takeover)” and settlement No. 2025073 in depository system
- 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
- 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 process. The revision provides clarity on settlement timelines and ensures proper completion of the acquisition window process.
Impact Justification
Settlement schedule revision affects trading participants in takeover process