Description

Revised settlement calendar for the takeover offer of Fortis Healthcare Limited conducted from October 20, 2025 to November 4, 2025, with updated obligation download and settlement dates.

Summary

BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for Fortis Healthcare Limited (Settlement No. 2025104). The bid period ran from October 20, 2025 to November 4, 2025, with the revised obligation download date set for November 7, 2025 and the revised settlement date for November 10, 2025.

Key Points

  • Settlement Type: Takeover (Settlement No. 2025104)
  • Bid Period: October 20, 2025 to November 4, 2025
  • Revised Obligation Download Date: November 7, 2025
  • Revised Settlement Date: November 10, 2025
  • This circular supersedes Notice No. 20251016-60
  • Demat shares must be delivered only through the Early Pay-in of Shares mechanism available in both depositories
  • Market Type “Takeover” and Settlement No. 2025104 must be specified in depository systems
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

No new regulatory changes introduced. This circular provides revised settlement timelines for an ongoing takeover offer process.

Compliance Requirements

  • Members and Custodians must use Early Pay-in of Shares mechanism for demat share delivery
  • Members and Custodians must specify Market Type “Takeover” and Settlement No. 2025104 in depository system entries
  • Members must refer to Notice No. 20200528-32 dated May 28, 2020 regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange
  • Members must consult MBRSTD_OTB_CM_mmm_SettNo file for accurate client-wise stamp duty charges
  • Contact ICCL Help Desk (022-69158590/45720490/45720690 or iccl.helpdesk@icclindia.com) for clarifications

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 circular has medium impact on market participants involved in the Fortis Healthcare Limited takeover offer. Members and Custodians who participated in the acquisition window must adjust their settlement processing to align with the revised dates. The two-day extension for obligation download (November 7) and settlement (November 10) provides additional time for completing the transaction. Proper compliance with the Early Pay-in mechanism and accurate use of settlement identifiers is essential to avoid processing delays or errors.

Impact Justification

Revision of settlement schedule for takeover offer affects members and custodians participating in the acquisition window, requiring timely compliance with revised dates for obligation download and settlement