Description

BSE revises settlement calendar for the takeover offer of Fortis Malar Hospitals Limited, extending obligation download and settlement dates to November 7 and 10, 2025 respectively.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for FORTIS MALAR HOSPITALS LIMITED under Settlement No. 2025105. The bidding period ran from October 20, 2025 to November 4, 2025. The revised obligation download date is November 7, 2025 and the revised settlement date is November 10, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 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 through Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians must use Market Type “(Takeover)” and Settlement No. 2025105 in depository systems
  • This revision supersedes Notice No. 20251016-71

Regulatory Changes

No new regulatory changes introduced. This circular revises previously communicated settlement dates for an ongoing takeover process.

Compliance Requirements

  • Members and Custodians must deliver demat shares exclusively through the Early Pay-in of Shares mechanism
  • Market Type “(Takeover)” and Settlement No. 2025105 must be specified in all depository system transactions
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Members/Custodians should reference Notice No. 20200528-32 dated May 28, 2020 regarding revised acquisition guidelines

Important Dates

  • Bid Start Date: October 20, 2025
  • Bid End Date: November 4, 2025
  • Revised Obligation Download: November 7, 2025
  • Revised Settlement Date: November 10, 2025
  • Notice Date: November 6, 2025

Impact Assessment

This revision extends the settlement timeline for the takeover offer, providing additional time for obligation processing and final settlement. Members and custodians participating in this acquisition window need to adjust their operational schedules accordingly. The extension may provide more time for share delivery compliance but requires coordination with the revised dates. Contact details provided: ICCL Help Desk at 022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com for clarifications.

Impact Justification

Affects settlement timelines for ongoing takeover process of Fortis Malar Hospitals, impacting members and custodians involved in the acquisition window