Description
BSE announces the schedule for the acquisition window (takeover) of Lake Shore Realty Limited shares, running from October 13-28, 2025, with an offer price of Rs. 57.51 per share for up to 9,10,182 equity shares.
Summary
BSE has announced the schedule for the Offer to Buy – Acquisition Window (Takeover) for Lake Shore Realty Limited. The offer will be live from Monday, October 13, 2025 to Tuesday, October 28, 2025. The acquirer is offering Rs. 57.51 per share for up to 9,10,182 equity shares (market lot: 1 share, face value: Rs. 10.00). Trading members and custodian members can participate through the iBBS platform and RTRMS systems during specified session timings.
Key Points
- Security Details: Lake Shore Realty Limited (Symbol: LAKESHORE, ISIN: INE734D01010, Scrip Code: 519612)
- Offer Size: Up to 9,10,182 equity shares
- Offer Price: Rs. 57.51 per share
- Face Value: Rs. 10.00 per share
- Market Lot: 1 share
- Bid Offering Period: October 13-28, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up Period: October 13-27, 2025 (9:15 AM to 3:30 PM)
- Last Day Give-up: October 28, 2025 (9:15 AM to 3:30 PM)
- Last Day Take-up: October 28, 2025 (9:15 AM to 4:00 PM)
- Eligible Investor Categories: FII, Financial Institutions, Mutual Funds, Insurance Companies, Other QIBs, Other NIB, Companies, Individuals
Regulatory Changes
No new regulatory changes introduced. This circular follows existing OTB framework established under Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).
Compliance Requirements
- Trading Members: Must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
- Bidding Eligibility: Trading members can only bid for investors holding shares in demat form
- Platform Access: Members must use iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/) and RTRMS (Internet: https://rtrms.bseindia.com/ or Leased Line: https://rtrmsll.bseindia.com/)
- File Downloads: Members and custodians can access extranet files at https://member.bseindia.com/ (Internet) or https://memberll.bseindia.com/ (Leased Line) after issue closure when confirmation is received from Merchant Banker/RTA
- Note: If no securities are accepted, no End of Issue files will be generated in Extranet
Important Dates
- Opening Date: Monday, October 13, 2025
- Closing Date: Tuesday, October 28, 2025
- Bid Offering Period: October 13-28, 2025 (9:15 AM - 3:30 PM)
- Give-up/Take-up Period: October 13-27, 2025 (9:15 AM - 3:30 PM)
- Last Day Give-up: October 28, 2025 (9:15 AM - 3:30 PM)
- Last Day Take-up (Extended): October 28, 2025 (9:15 AM - 4:00 PM)
Impact Assessment
Market Impact: Low. This is a company-specific takeover offer affecting only Lake Shore Realty Limited shareholders. The offer size of 9,10,182 shares represents a targeted acquisition with no broader market implications.
Operational Impact: Medium for participating members. Trading members and custodian members need to ensure their systems and processes are ready to handle OTB bids through iBBS and RTRMS platforms. Members must verify investor UCC registration and ensure demat holdings are properly recorded.
Investor Impact: High for Lake Shore Realty Limited shareholders. Shareholders have a 16-day window to tender their shares at Rs. 57.51 per share, representing a corporate action opportunity. The offer provides liquidity and potential exit opportunity at the specified price.
Contact Support: Multiple contact points provided for technical support including Trading Operations (022-22728005, user.trdops@bseindia.com) and specific personnel for iBBS/OTB module queries.
Impact Justification
Company-specific takeover offer with limited market-wide impact. Important for LAKESHORE shareholders and acquirer, but affects narrow investor base. Standard OTB procedure with established operational framework.