Description

BSE revises settlement calendar for the takeover acquisition window of Fortis Malar Hospitals Limited, extending settlement date to 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 window was conducted from October 20, 2025 to November 4, 2025 (Settlement No. 2025105). 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 only
  • Market Type “Takeover” and Settlement No. 2025105 to be used in depository system
  • Stamp duty charges available in MBRSTD_OTB_CM_mmm_SettNo file

Regulatory Changes

This circular revises the settlement schedule previously communicated in Notice No. 20251016-71. Members and custodians must follow the revised guidelines for acquisition of shares through stock exchange as per Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians must deliver demat shares exclusively through the Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians must use Market Type “Takeover” and Settlement No. 2025105 in the depository system along with other required details
  • Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges
  • Members must adhere to the revised settlement mechanism for acquisition of shares through stock exchange

Important Dates

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

Impact Assessment

This revision impacts shareholders and market participants involved in the Fortis Malar Hospitals Limited takeover offer. The extension of the settlement date from the original schedule provides additional time for obligation fulfillment. Members and custodians must ensure compliance with the early pay-in mechanism and correct settlement parameters to avoid failed deliveries. The revision is procedural in nature and affects settlement operations for this specific takeover transaction.

Impact Justification

Affects shareholders of Fortis Malar Hospitals participating in the takeover offer with revised settlement obligations and timeline