Description

BSE announces the schedule for Offer to Buy through Acquisition Window (Takeover) for SRI ADHIKARI BROTHERS TELEVISION NETWORK LTD, scheduled from October 20, 2025 to November 4, 2025.

Summary

BSE has announced the operational schedule for an Offer to Buy through Acquisition Window (Takeover) for shares of SRI ADHIKARI BROTHERS TELEVISION NETWORK LTD (SABTNL). The offer will run from October 20, 2025 to November 4, 2025, with an offer size of up to 53,46,238 equity shares at Rs. 10.00 per share. Trading Members and Custodian Members are requested to note the schedule and ensure compliance with operational requirements.

Key Points

  • Security: SRI ADHIKARI BROTHERS TELEVISION NETWORK LTD (Symbol: SABTNL)
  • ISIN: INE416A01044, Scrip Code: 530943
  • Offer Size: Up to 53,46,238 equity shares
  • Offer Price: Rs. 10.00 per share (Face Value: Rs. 10.00)
  • Market Lot: 1 share
  • Bid Offering Period: October 20, 2025 (9:15 AM) to November 4, 2025 (3:30 PM)
  • Give-up/Take-up facility available during the offer period
  • Trading Members can bid for investors having shares in demat form only
  • Multiple access platforms: iBBS, RTRMS, and Extranet (both Internet and Leased Line)

Regulatory Changes

No new regulatory changes introduced. The notice follows existing OTB operational framework as per Exchange Notices no. 20150930-1 dated September 30, 2015 and 20170203-29 dated February 3, 2017.

Compliance Requirements

  • Trading Members must ensure UCC (Unique Client Code) of investors is registered and/or updated with correct PAN Number and Category in 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
  • Members should refer to Exchange Circular No. 20170503-12 for Leased Line URL access settings
  • Files on Extranet for acceptance of bids will be available only after confirmation from Merchant Banker/RTA post-issue closure

Important Dates

  • October 20, 2025: Offer opening date and start of bid offering period (9:15 AM)
  • October 20 - November 3, 2025: Give-up/Take-up period (9:15 AM to 3:30 PM)
  • November 4, 2025: Offer closing date
    • Give-up (last day): 9:15 AM to 3:30 PM
    • Take-up (last day): 9:15 AM to 4:00 PM
    • Bid offering ends: 3:30 PM

Impact Assessment

Market Impact: Low - This is a company-specific takeover offer with limited broader market impact. Only affects shareholders of SRI ADHIKARI BROTHERS TELEVISION NETWORK LTD and trading members facilitating the acquisition.

Operational Impact: Medium for participating entities - Trading Members and Custodians handling SABTNL shareholders need to ensure system readiness, UCC compliance, and familiarity with OTB module operations through iBBS and RTRMS platforms.

Investor Categories: The offer is open to various investor categories including FII, FI, Mutual Funds, Insurance Companies, Other QIBs, Companies, and Individuals, providing broad participation opportunity for existing shareholders.

Technical Requirements: Members need access to multiple BSE platforms (iBBS, RTRMS, Extranet) with proper login credentials. Contact details for Trading Operations team provided for technical assistance.

Impact Justification

Routine takeover offer notice for a specific company with limited market-wide impact, primarily relevant to shareholders of SABTNL and participating trading members