Description
Settlement calendar for the acquisition window (takeover) of Fortis Healthcare Limited to be conducted from October 20, 2025 to November 4, 2025 with settlement on November 19, 2025.
Summary
BSE has announced the settlement calendar for the Offer to Buy – Acquisition Window (Takeover) for FORTIS HEALTHCARE LIMITED. The bidding window will be open from October 20, 2025 to November 4, 2025, with settlement number 2025104. Obligation download is scheduled for November 18, 2025, and the final settlement date is November 19, 2025. Members and custodians must deliver demat shares through the Early Pay-in of Shares mechanism available in both depositories.
Key Points
- Settlement Type: Takeover (Settlement No. 2025104)
- Bidding Period: October 20, 2025 to November 4, 2025
- Obligation Download Date: November 18, 2025
- Settlement Date: November 19, 2025
- Demat shares must be delivered only through Early Pay-in of Shares mechanism
- Market Type “(Takeover)” and settlement number 2025104 must be used in depository systems
- CDSL & NSDL early pay-in securities will be earmarked/blocked in clients’ accounts
- Members are NOT required to upload any EPN file
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Regulatory Changes
No new regulatory changes introduced. This circular follows the existing Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as per Notice No.20200528-32 dated May 28, 2020.
Compliance Requirements
- Members/Custodians: Must ensure demat shares are delivered only through Early Pay-in of Shares mechanism in both depositories
- Market Type Specification: Use Market Type “(Takeover)” and settlement number 2025104 in the depository system
- Timing: Complete early pay-in process sufficiently in advance before the prescribed timelines for closure of BSE OTB Bidding window
- Effect Reflection: Ensure early pay-in effect is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
- Stamp Duty: Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- No EPN Upload: Members and Custodians are NOT required to upload any EPN file
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | October 20, 2025 |
| Bid End Date | November 4, 2025 |
| Obligation Download | November 18, 2025 |
| Settlement Date | November 19, 2025 |
Impact Assessment
Market Impact: High - This takeover offer for Fortis Healthcare Limited, a major healthcare company, will impact shareholders who wish to participate in the acquisition window. The 16-day bidding window provides adequate time for participants to tender their shares.
Operational Impact: High - Members and custodians must ensure strict compliance with early pay-in mechanisms and timing requirements. The automatic earmarking/blocking of securities in client accounts by CDSL & NSDL simplifies the process but requires careful coordination to meet deadlines.
Stakeholder Impact: Shareholders of Fortis Healthcare Limited have the opportunity to participate in the takeover offer during the specified window. Members must ensure proper communication with clients regarding the bidding process and settlement timelines.
Contact Information
For clarifications, contact ICCL Help Desk:
- Phone: 022-69158590 / 45720490 / 45720690
- Email: iccl.helpdesk@icclindia.com
Issued by: Indian Clearing Corporation Ltd.
- Jai Ghadi, Assistant Manager
- Tajindersingh Virdi, Senior Manager
Impact Justification
High-impact takeover settlement schedule for a major healthcare company requiring specific compliance procedures and early pay-in mechanisms with fixed deadlines.