Description

Schedule of activities for the offer to buy shares of Fortis Malar Hospitals Ltd through acquisition window (takeover) on BSE from October 20, 2025 to November 4, 2025.

Summary

BSE has announced the schedule for an Offer to Buy through Acquisition Window (Takeover) for FORTIS MALAR HOSPITALS LTD (Security Symbol: FORTISMLR, Scrip Code: 523696, ISIN: INE842B01015). The offer will be conducted from Friday, October 20, 2025 to Tuesday, November 4, 2025. The offer size is up to 48,94,308 equity shares at an offer price of Rs. 17.60 per share with a face value of Rs. 10.00 and market lot of 1 share.

Key Points

  • Security Name: FORTIS MALAR HOSPITALS LTD (Symbol: FORTISMLR)
  • Scrip Code: 523696
  • ISIN: INE842B01015
  • Offer Size: Up to 48,94,308 equity shares
  • Offer Price: Rs. 17.60 per share
  • Face Value: Rs. 10.00
  • Market Lot: 1 share
  • Opening Date: Friday, October 20, 2025
  • Closing Date: Tuesday, November 4, 2025
  • Trading members can bid for investors having shares in demat form
  • Members must ensure UCC of investors is registered with correct PAN and Category

Regulatory Changes

No new regulatory changes introduced. This circular follows existing OTB framework as per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).

Compliance Requirements

  • Trading Members and Custodian Members must note the OTB schedule and operational requirements
  • UCC Registration: Trading members must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Demat Requirement: Members can only bid for investors having shares in demat form
  • Platform Access: Members must access iBBS platform for bidding through specified URLs (Internet or Leased Line)
  • File Access: Acceptance files available on Extranet after Exchange receives confirmation from Merchant Banker/RTA post-issue closure

Important Dates

Offer Period

  • Opening Date: October 20, 2025 (Friday)
  • Closing Date: November 4, 2025 (Tuesday)

Session Timings

Bid Offering Period: October 20 - November 4, 2025 (9:15 AM to 3:30 PM)

Give-up/Take-up: October 20 - November 3, 2025 (9:15 AM to 3:30 PM)

Give-up (Last Day): November 4, 2025 (9:15 AM to 3:30 PM)

Take-up (Last Day): November 4, 2025 (9:15 AM to 4:00 PM)

Impact Assessment

Market Impact: Medium - This is a specific corporate action affecting only shareholders of FORTIS MALAR HOSPITALS LTD. The takeover offer provides an exit opportunity for existing shareholders at Rs. 17.60 per share.

Operational Impact: Trading members and custodians need to facilitate client participation through the OTB module. The offer size of up to 48,94,308 shares represents the maximum number of shares sought under this acquisition window.

Investor Categories: The offer is open to multiple investor categories including FII, FI, Mutual Funds, Insurance Companies, Other QIBs, Companies, and Individuals.

Technical Requirements: Members must use iBBS platform (https://ibbs.bseindia.com/ or leased line) and RTRMS (https://rtrms.bseindia.com/) for order placement and management. Support contacts provided for login and password issues.

Contact Information

Trading Operations Support:

Listing Sales:

Impact Justification

Corporate action affecting specific stock with defined trading schedule for acquisition. Limited to shareholders of FORTIS MALAR HOSPITALS LTD but requires member participation through OTB module.