Description

BSE announces the schedule for the Offer to Buy (Acquisition Window) for AKZO NOBEL INDIA LTD shares from October 23 to November 6, 2025, with an offer size of up to 1,18,40,482 equity shares at Rs. 3231.77 per share.

Summary

BSE has announced the detailed schedule for the Offer to Buy - Acquisition Window (Takeover) for AKZO NOBEL INDIA LTD shares. The offer will be conducted from October 23, 2025 to November 6, 2025 through BSE’s iBBS platform. The acquirer is offering to purchase up to 1,18,40,482 equity shares at Rs. 3231.77 per share.

Key Points

  • Security: AKZO NOBEL INDIA LTD (Symbol: AKZOINDIA, Scrip Code: 500710, ISIN: INE133A01011)
  • Offer Size: Up to 1,18,40,482 equity shares
  • Offer Price: Rs. 3231.77 per share
  • Face Value: Rs. 10.00
  • Market Lot: 1 share
  • Opening Date: Thursday, October 23, 2025
  • Closing Date: Thursday, November 6, 2025
  • Bid Offering Period: 9:15 AM to 3:30 PM daily from October 23 to November 6, 2025
  • Give-up/Take-up Period: October 23 to November 4, 2025 (9:15 AM to 3:30 PM)
  • Last day Take-up extended until 4:00 PM on November 6, 2025

Regulatory Changes

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

Compliance Requirements

  • Trading Members and Custodian Members must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Trading Members can only bid for investors having shares in demat form
  • Members must access the OTB module through designated URLs (iBBS, RTRMS, Extranet)
  • Leased Line access configuration as per Exchange Circular No. 20170503-12
  • Files for acceptance of bids on Extranet will be available only after confirmation from Merchant Banker/RTA post-issue closure
  • No End of Issue files will be generated if no securities are accepted

Important Dates

  • October 23, 2025: Offer opening date, bid offering period begins (9:15 AM)
  • October 23 - November 4, 2025: Give-up/Take-up period (9:15 AM to 3:30 PM)
  • November 6, 2025: Last day of offer
    • Give-up: 9:15 AM to 3:30 PM
    • Take-up: 9:15 AM to 4:00 PM (extended by 30 minutes)
    • Bid offering closes at 3:30 PM

Impact Assessment

Market Impact: High - This is a significant takeover offer involving over 1.18 crore shares of AKZO NOBEL INDIA LTD at a price of Rs. 3231.77 per share, representing a substantial transaction value.

Shareholder Impact: Shareholders holding AKZOINDIA in demat form have the opportunity to tender their shares during the 15-day offer period at the specified price.

Operational Impact: Trading members need to ensure their systems and UCC databases are updated to facilitate smooth bidding. Access to iBBS, RTRMS, and Extranet platforms is mandatory.

Categories Eligible: Foreign Institutional Investors (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs, Non-Institutional Buyers, Companies, and Individuals can participate in the offer.

Contact Support: BSE has provided dedicated contact points for technical support (Trading Operations: 022-22728005) and OTB-specific queries through designated personnel including Sandeep Pujari, Rushi Bhoir, Hormazdiar Mobedji, Mangesh Tayde, and Rinkesh Gaikwad.

Impact Justification

Major takeover offer involving significant shareholding (1.18 crore shares) at premium price of Rs. 3231.77, requiring immediate action from trading members and shareholders