Description
Schedule of activities for Offer to Buy – Acquisition Window (Takeover) of JCHAC shares from November 13-26, 2025 at offer price of Rs. 1762.54 per share for up to 70,00,355 equity shares.
Summary
BSE has announced the schedule for an Offer to Buy – Acquisition Window (Takeover) for JOHNSON CONTROLS-HITACHI AIR CONDITIONING INDIA LTD (JCHAC). The offer will run from Thursday, November 13, 2025 to Wednesday, November 26, 2025, with an offer price of Rs. 1762.54 per share for up to 70,00,355 equity shares.
Key Points
- Security: JOHNSON CONTROLS-HITACHI AIR CONDITIONING INDIA LTD (Symbol: JCHAC)
- ISIN: INE782A01015, Scrip Code: 523398
- Offer Size: Up to 70,00,355 Equity Shares
- Offer Price: Rs. 1762.54 per share
- Face Value: Rs. 10.00
- Market Lot: 1
- Opening Date: Thursday, November 13, 2025
- Closing Date: Wednesday, November 26, 2025
- Trading members and custodian members can participate through iBBS and RTRMS platforms
- Only investors with shares in demat form can participate
- UCC registration with correct PAN and category is mandatory
Regulatory Changes
No regulatory changes. This is an operational notice for a corporate action under existing takeover regulations.
Compliance Requirements
- Trading Members: Must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
- Bidding: Can only be done for investors having shares in demat form
- Platform Access: Members must use iBBS (https://ibbs.bseindia.com/) or RTRMS (https://rtrms.bseindia.com/) for internet access, or leased line URLs
- File Access: Extranet files for bid acceptance available after confirmation from Merchant Banker/RTA post-issue closure
- Reference: Members should refer to Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
Important Dates
- Bid Offering Period: November 13-26, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up: November 13-25, 2025 (9:15 AM to 3:30 PM)
- Give-up (Last Day): November 26, 2025 (9:15 AM to 3:30 PM)
- Take-up (Last Day): November 26, 2025 (9:15 AM to 4:00 PM)
Bidding Categories
- FII: Foreign Institutional Buyer
- FI: Financial Institution
- MF: Mutual Fund
- IC: Insurance Companies
- OTH: Other QIBs
- NOH: Other NIB
- CO: Company
- IND: Individual
Contact Information
For iBBS/RTRMS Login & Password Issues:
- Trading Operations: 022-22728005
- Email: user.trdops@bseindia.com
For OTB Module Support:
- Sandeep Pujari: 022-22728376 (sandeep.pujari@bseindia.com)
- Rushi Bhoir: 022-22728226 (rushi.bhoir@bseindia.com)
- Hormazdiar Mobedji: 022-22725626 (hormazdiar.mobedji@bseindia.com)
For Listing Operations:
- Mangesh Tayde: 022-22728846 (mangesh.tayde@bseindia.com)
- Rinkesh Gaikwad: 022-22725046 (rinkesh.gaikwad@bseindia.com)
Impact Assessment
Market Impact: Medium - Affects shareholders of JCHAC who may wish to tender their shares during the acquisition window. The offer provides an exit opportunity at Rs. 1762.54 per share.
Operational Impact: Trading members and custodians need to ensure proper UCC registration and access to BSE’s OTB platforms. The structured bidding process with specific timelines requires coordination between members, investors, and the exchange infrastructure.
Investor Impact: Shareholders holding JCHAC in demat form can participate through their brokers. The 14-day window provides adequate time for decision-making regarding participation in the offer.
Impact Justification
Corporate action affecting specific stock with defined trading window and structured bidding process for institutional and retail investors