Description
BSE revises settlement calendar for Fortis Healthcare Limited takeover offer conducted from October 20 to November 4, 2025, with revised obligation download and settlement dates.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for FORTIS HEALTHCARE LIMITED. The offer was conducted from October 20, 2025 to November 4, 2025, with Settlement No. 2025104. The revised obligation download date is November 7, 2025, and the revised settlement date is November 10, 2025. This notice supersedes the earlier Notice No. 20251016-60.
Key Points
- Settlement Type: Takeover (Acquisition Window)
- 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
- Available through both depositories (NSDL and CDSL)
- Market Type identifier: “Takeover” with Settlement No. 2025104 to be used in depository system
Regulatory Changes
No new regulatory changes introduced. This circular revises the settlement timeline for an existing takeover offer and reinforces existing guidelines regarding the mechanism for acquisition of shares through Stock Exchange as per Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
For Members/Custodians:
- Deliver demat shares only through Early Pay-in of Shares mechanism
- Use Market Type “Takeover” and Settlement No. 2025104 in the depository system
- Refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Follow guidelines as per Notice No. 20200528-32 dated May 28, 2020 regarding acquisition mechanism
For Shareholders:
- Ensure delivery of shares through proper channels if participating in the offer
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
Market Impact: Medium - Affects shareholders of Fortis Healthcare Limited who participated in the takeover offer during the specified bid period.
Operational Impact: The revised settlement schedule provides updated timelines for members and custodians to complete their obligations. The two-day extension from obligation download to settlement (November 7 to November 10) allows adequate time for processing.
Stakeholder Impact:
- Selling Shareholders: Must ensure timely delivery of shares through early pay-in mechanism
- Acquiring Entity: Will receive shares as per revised settlement date
- Members/Custodians: Need to process settlements according to revised calendar and ensure proper use of settlement identifiers
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 a specific takeover offer affecting shareholders of Fortis Healthcare Limited who participated in the acquisition window, with near-term settlement dates