Description
BSE announces revised settlement schedule for the takeover offer of AKZO NOBEL INDIA LIMITED conducted from October 23 to November 6, 2025, with revised obligation download and settlement dates.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for AKZO NOBEL INDIA LIMITED (Settlement No. 2025102). The takeover bidding period ran from October 23, 2025 to November 6, 2025, with revised obligation download date of November 11, 2025 and revised settlement date of November 12, 2025. This circular supersedes Notice No. 20251020-49.
Key Points
- Settlement Type: Takeover (Settlement No. 2025102)
- Bid Period: October 23, 2025 to November 6, 2025
- Revised Obligation Download Date: November 11, 2025
- Revised Settlement Date: November 12, 2025
- Demat shares must be delivered exclusively through Early Pay-in of Shares mechanism
- Market Type designation: “Takeover” must be used in depository system
- 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 timeline for an existing takeover settlement process, following the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange (referenced in Notice No. 20200528-32 dated May 28, 2020).
Compliance Requirements
- Members/Custodians: Must deliver demat shares only through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians: Must specify Market Type as “Takeover” and Settlement No. 2025102 in the depository system
- Members: Must refer to MBRSTD_OTB_CM_mmm_SettNo file for accurate client-wise stamp duty charges
- Members/Custodians: Should refer to Notice No. 20200528-32 (May 28, 2020) regarding settlement procedures under revised acquisition guidelines
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | October 23, 2025 |
| Bid End Date | November 6, 2025 |
| Revised Obligation Download | November 11, 2025 |
| Revised Settlement Date | November 12, 2025 |
| Circular Issue Date | November 10, 2025 |
Impact Assessment
Market Impact: Low to Medium - This revision affects only participants involved in the AKZO NOBEL INDIA LIMITED takeover offer. The one-day revision in settlement schedule requires members and custodians to adjust their operational timelines accordingly.
Operational Impact: Medium - Members and custodians participating in this specific takeover settlement must:
- Update their settlement calendars with revised dates
- Ensure compliance with Early Pay-in mechanism requirements
- Coordinate with back-office systems to reflect revised obligation download and settlement dates
- Verify stamp duty calculations using the specified file format
Entity Contact: For clarifications, members may contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com
Issuing Authority: Indian Clearing Corporation Ltd. (Atharva Naik, Senior Officer; Tajindersingh Virdi, Senior Manager)
Impact Justification
Revised settlement schedule for specific takeover offer affects participants in this transaction only; critical for involved members/custodians to meet new deadlines