Description
Updated settlement dates for the Offer to Buy - Acquisition Window (Takeover) for Fortis Healthcare Limited conducted from October 20 to November 4, 2025.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy - Acquisition Window (Takeover) for Fortis Healthcare Limited. The takeover bid period ran from October 20, 2025 to November 4, 2025 (Settlement No. 2025104). The revised obligation download date is November 7, 2025, with the revised settlement date set for November 10, 2025.
Key Points
- Settlement Type: Takeover
- Settlement Number: 2025104
- 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 through Early Pay-in of Shares mechanism only
- Market Type designation: “Takeover” to be used in depository systems
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
Regulatory Changes
This circular provides revised settlement dates for an ongoing takeover process. Members and custodians must follow the Revised Guidelines for Mechanism for acquisition of shares through Stock Exchange as referenced in 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 available in both depositories
- Market Type “Takeover” and settlement number 2025104 must be used in depository systems
- Members must refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
- All parties must adhere to the revised settlement timeline
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | October 20, 2025 |
| Bid End Date | November 4, 2025 |
| Revised Obligation Download | November 7, 2025 |
| Revised Settlement Date | November 10, 2025 |
Impact Assessment
This revision affects shareholders of Fortis Healthcare Limited who are participating in the takeover offer, as well as members and custodians processing the transactions. The extension of settlement dates provides additional time for processing obligations and completing deliveries. Market participants must update their systems and processes to reflect the revised timeline. The impact is contained to this specific takeover transaction and does not affect broader market operations.
Contact Information
For clarifications, contact ICCL Help Desk:
- Phone: 022-69158590 / 45720490 / 45720690
- Email: iccl.helpdesk@icclindia.com
- Officials: Atharva Naik (Senior Officer), Tajindersingh Virdi (Senior Manager)
Impact Justification
Revised settlement schedule for takeover affects shareholders and members participating in the acquisition but is limited to a specific stock and timeframe