Description
BSE announces the schedule for the Offer to Buy acquisition window (takeover) of up to 1,18,40,482 equity shares of AKZO NOBEL INDIA LTD at Rs. 3231.77 per share, scheduled from October 23 to November 6, 2025.
Summary
BSE has announced the schedule for the Offer to Buy - Acquisition Window (Takeover) for AKZO NOBEL INDIA LTD (Scrip Code: 500710, Symbol: AKZOINDIA). The acquisition window will be open from Thursday, October 23, 2025 to Thursday, November 6, 2025. The offer is for up to 1,18,40,482 equity shares at an offer price of Rs. 3,231.77 per share. Trading Members and Custodian Members can participate through the iBBS platform and RTRMS for the bidding process.
Key Points
- Security: AKZO NOBEL INDIA LTD (ISIN: INE133A01011, Scrip Code: 500710)
- Offer Size: Up to 1,18,40,482 equity shares
- Offer Price: Rs. 3,231.77 per share
- Face Value: Rs. 10.00
- Market Lot: 1
- Opening Date: Thursday, October 23, 2025
- Closing Date: Thursday, November 6, 2025
- Bid Offering Period: October 23 to November 6, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up Period: October 23 to November 4, 2025 (9:15 AM to 3:30 PM)
- Last Day Give-up: November 6, 2025 (9:15 AM to 3:30 PM)
- Last Day Take-up: November 6, 2025 (9:15 AM to 4:00 PM)
Regulatory Changes
No regulatory changes. This circular provides operational instructions for an ongoing takeover offer under existing regulations. Members are referred to Exchange Notices no. 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions for participation in OTB.
Compliance Requirements
- Trading Members must ensure UCC of the Investor 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 should note that if no securities are accepted, no End of Issue files will be generated in Extranet
- Access to OTB module is available through iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/)
- RTRMS access available at Internet: https://rtrms.bseindia.com/ or Leased Line: https://rtrmsll.bseindia.com/
- Files on Extranet for acceptance of bids available at https://member.bseindia.com/ (Internet) or https://memberll.bseindia.com/ (Leased Line)
Important Dates
- October 20, 2025: Notice Date
- October 23, 2025: Opening Date - Bid Offering Period and Give-up/Take-up begins (9:15 AM)
- November 4, 2025: Last day for Give-up/Take-up (except last day) (closes 3:30 PM)
- November 6, 2025: Closing Date - Last day for Give-up (9:15 AM to 3:30 PM) and Take-up (9:15 AM to 4:00 PM)
Impact Assessment
Market Impact: Medium - This takeover offer affects shareholders of AKZO NOBEL INDIA LTD who may wish to tender their shares during the acquisition window. The offer size of up to 1,18,40,482 equity shares represents a significant acquisition.
Operational Impact: Trading Members and Custodian Members dealing with AKZO NOBEL INDIA LTD shareholders need to facilitate bidding through the designated platforms during the specified timeframes. The 15-day acquisition window provides adequate time for processing.
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 need access to iBBS and RTRMS platforms with proper login credentials. Support contacts are provided for technical assistance and password resets (Trading Operations: 022-22728005, email: user.trdops@bseindia.com).
Impact Justification
Medium importance as this is a standard takeover offer for a specific stock affecting shareholders and trading members dealing with AKZO NOBEL INDIA LTD. Impact is limited to participants in this specific acquisition window.