Description

BSE announces revised settlement dates for the acquisition window (takeover) offer for Fortis Malar Hospitals Limited, with new obligation download date of November 7, 2025 and settlement date of November 10, 2025.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy - Acquisition Window (Takeover) for Fortis Malar Hospitals Limited. The takeover offer was conducted from October 20, 2025 to November 4, 2025 under Settlement No. 2025105. The revised obligation download date is November 7, 2025, and the revised settlement date is November 10, 2025.

Key Points

  • Settlement Number: 2025105
  • Bid Period: October 20, 2025 to November 4, 2025
  • Revised Obligation Download Date: November 7, 2025
  • Revised Settlement Date: November 10, 2025
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2025105 to be used by Members/Custodians in depository system
  • Client-wise Stamp Duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

No new regulatory changes. This circular revises the settlement timeline for an ongoing takeover offer process as per existing guidelines on mechanism for acquisition of shares through Stock Exchange (referenced Notice No. 20200528-32 dated May 28, 2020).

Compliance Requirements

  • Members and Custodians must deliver demat shares exclusively through the Early Pay-in of Shares mechanism
  • Members and Custodians must use Market Type “Takeover” and Settlement No. 2025105 in the depository system
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
  • Members and Custodians should refer to Notice No. 20200528-32 dated May 28, 2020 for settlement guidelines
  • Members and Custodians should refer to previous Notice No. 20251016-71 for original schedule details

Important Dates

  • November 6, 2025: Notice date for revised settlement schedule
  • November 7, 2025: Revised Obligation Download Date
  • November 10, 2025: Revised Settlement Date
  • October 20 - November 4, 2025: Bid period (completed)

Impact Assessment

This revised settlement schedule has medium impact on members, custodians, and investors participating in the Fortis Malar Hospitals Limited takeover offer. The extension of settlement dates by a few days provides additional time for obligation processing and settlement completion. Members and custodians need to adjust their operational timelines accordingly. For queries, stakeholders can contact ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com.

Impact Justification

Revised settlement schedule for specific takeover offer affects members and custodians participating in the acquisition window for Fortis Malar Hospitals Limited