Description
BSE announces the schedule for Offer to Buy (Acquisition Window/Takeover) of up to 19,70,25,660 equity shares of Fortis Healthcare Ltd at Rs. 170 per share, scheduled from October 20, 2025 to November 4, 2025.
Summary
BSE has announced the detailed schedule for the Offer to Buy (Acquisition Window - Takeover) for FORTIS HEALTHCARE LTD. The offer is for up to 19,70,25,660 equity shares at an offer price of Rs. 170.00 per share. The offer window will be open from Friday, October 20, 2025 to Tuesday, November 4, 2025. Trading Members and Custodian Members can facilitate bids through the iBBS platform during the specified session timings.
Key Points
- Security: FORTIS HEALTHCARE LTD (Symbol: FORTIS, ISIN: INE061F01013, Scrip Code: 532843)
- Offer Size: Up to 19,70,25,660 Equity Shares
- Offer Price: Rs. 170.00 per share
- Face Value: Rs. 10.00
- Market Lot: 1
- Opening Date: Friday, October 20, 2025
- Closing Date: Tuesday, November 4, 2025
- Bid Offering Period: October 20 to November 4, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up Period: October 20 to November 3, 2025 (9:15 AM to 3:30 PM)
- Last Day Give-up: November 4, 2025 (9:15 AM to 3:30 PM)
- Last Day Take-up: November 4, 2025 (9:15 AM to 4:00 PM)
Regulatory Changes
No regulatory changes. This is a standard corporate action process for takeover offers through the acquisition window mechanism on BSE.
Compliance Requirements
- Trading Members: Must ensure UCC (Unique Client Code) of investors is registered and/or updated with correct PAN Number and Category in the Exchange UCC database
- Trading Members: Can only bid for investors having shares in demat form
- Members and Custodians: Must note that if no securities are accepted, no End of Issue files will be generated in Extranet
- 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/)
- Reference Circulars: Members should refer to Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
Important Dates
| Event | Date | Time |
|---|---|---|
| Offer Opening Date | October 20, 2025 | 9:15 AM |
| Bid Offering Period | October 20 - November 4, 2025 | 9:15 AM - 3:30 PM |
| Give-up/Take-up Period | October 20 - November 3, 2025 | 9:15 AM - 3:30 PM |
| Last Day for Give-up | November 4, 2025 | 9:15 AM - 3:30 PM |
| Last Day for Take-up | November 4, 2025 | 9:15 AM - 4:00 PM (extended) |
| Offer Closing Date | November 4, 2025 | 3:30 PM |
Impact Assessment
Market Impact: High - This is a significant takeover offer involving up to 19.7 crore shares of Fortis Healthcare Ltd, which could result in substantial change in shareholding pattern. The offer price of Rs. 170 per share will serve as a reference point for the stock’s valuation during the offer period.
Investor Categories Eligible: Foreign Institutional Investors (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs (OTH), Other Non-Institutional Buyers (NOH), Companies (CO), and Individuals (IND).
Operational Impact: Trading members and custodians need to prepare their systems and processes for handling OTB bids, ensure proper UCC registration, and facilitate client participation through the designated BSE platforms during the 16-day offer window.
Contact Support: BSE has provided comprehensive contact details for technical support related to iBBS, RTRMS, and Extranet access, ensuring smooth operational execution of the offer.
Impact Justification
Major corporate action involving acquisition of up to 19.7 crore shares of Fortis Healthcare Ltd through takeover offer, requiring immediate attention from trading members and investors holding the stock.