Description
BSE announces the schedule for the Offer to Buy (Acquisition Window/Takeover) of AKZO NOBEL INDIA LTD shares, scheduled from October 23, 2025 to November 6, 2025.
Summary
BSE has announced the schedule for the Offer to Buy – Acquisition Window (Takeover) for AKZO NOBEL INDIA LTD. The offer will be live from Thursday, October 23, 2025 to Thursday, November 6, 2025. Trading Members and Custodian Members are requested to note the detailed schedule and operational instructions for participation in this corporate action.
Key Points
- Security Name: AKZO NOBEL INDIA LTD (Symbol: AKZOINDIA)
- ISIN: INE133A01011, Scrip Code: 500710
- Offer Size: Up to 1,18,40,482 Equity Shares
- Offer Price: Rs. 3,231.77 per share
- Market Lot: 1 share
- Face Value: Rs. 10.00
- Opening Date: Thursday, October 23, 2025
- Closing Date: Thursday, November 6, 2025
- Trading Members can bid for investors having shares in demat form only
- UCC of investors must be registered with correct PAN Number and Category
Regulatory Changes
No new regulatory changes introduced. This circular provides operational instructions for an upcoming corporate action under existing OTB framework as per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).
Compliance Requirements
For Trading Members and Custodians:
- UCC Registration: Ensure UCC of investors is registered and/or updated with correct PAN Number and Category in the Exchange UCC database
- Demat Requirement: Only bid for investors having shares in demat form
- System Access: Use designated URLs for accessing iBBS, RTRMS, and Extranet platforms
- File Processing: Note that acceptance files will be available on Extranet only after confirmation from Merchant Banker/RTA post-issue closure
- Securities Handling: If no securities are accepted, no End of Issue files will be generated in Extranet
- Login Management: Contact Trading Operations for new login IDs and password resets
Investor Categories for Bidding:
- Foreign Institutional Buyer (FII)
- Financial Institution (FI)
- Mutual Fund (MF)
- Insurance Companies (IC)
- Other QIBs (OTH)
- Other NIB (NOH)
- Company (CO)
- Individual (IND)
Important Dates
| Activity | Period | Timing |
|---|---|---|
| Bid Offering Period | October 23 - November 6, 2025 | 9:15 AM - 3:30 PM |
| Give-up/Take-up | October 23 - November 4, 2025 | 9:15 AM - 3:30 PM |
| Give-up (Last Day) | November 6, 2025 | 9:15 AM - 3:30 PM |
| Take-up (Last Day) | November 6, 2025 | 9:15 AM - 4:00 PM |
Impact Assessment
Market Impact:
- High Impact: This is a significant takeover offer involving acquisition of up to 11.84 million shares at a premium price of Rs. 3,231.77 per share
- Total Offer Value: Approximately Rs. 3,825 crores (assuming full acceptance)
- Trading Window: 15-day acquisition window from October 23 to November 6, 2025
Operational Impact:
- Trading Members and Custodians must ensure systems and processes are ready for OTB participation
- Multiple platforms need to be accessed: iBBS, RTRMS, and Extranet
- UCC database must be updated before bidding commences
- Coordination required with Trading Operations for technical support
Contact Information:
System Support:
- Trading Operations: 022-22728005 (user.trdops@bseindia.com)
- iBBS/RTRMS/Extranet support available
OTB Module Support:
- Sandeep Pujari: 022-22728376
- Rushi Bhoir: 022-22728226
- Hormazdiar Mobedji: 022-22725626
- Mangesh Tayde: 022-22728846
- Rinkesh Gaikwad: 022-22725046
Platform URLs:
- iBBS Internet: https://ibbs.bseindia.com/
- iBBS Leased Line: https://ibbsll.bseindia.com/
- RTRMS Internet: https://rtrms.bseindia.com/
- RTRMS Leased Line: https://rtrmsll.bseindia.com/
- Extranet Internet: https://member.bseindia.com/
- Extranet Leased Line: https://memberll.bseindia.com/
Impact Justification
Major corporate action involving takeover of AKZO NOBEL INDIA LTD with offer size of up to 1,18,40,482 equity shares at Rs. 3231.77 per share, requiring immediate action from trading members and custodians