Description

Schedule of activities for Offer to Buy (Acquisition Window/Takeover) of Johnson Controls-Hitachi Air Conditioning India Ltd shares from November 13-26, 2025 with offer price of Rs. 1762.54 per share for up to 70,00,355 equity shares.

Summary

BSE has announced the detailed schedule for the Offer to Buy (Acquisition Window/Takeover) of shares of Johnson Controls-Hitachi Air Conditioning India Ltd (JCHAC). The offer will be conducted from Thursday, November 13, 2025 to Wednesday, November 26, 2025. The acquirer is offering Rs. 1762.54 per share for up to 70,00,355 equity shares. Trading members and custodian members can facilitate bids through the iBBS platform during specified session timings.

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 share
  • Offer Period: November 13, 2025 to November 26, 2025
  • Bid Offering Hours: 9:15 AM to 3:30 PM (daily)
  • Last Day Take-up Window: Extended to 4:00 PM on November 26, 2025
  • Platform: iBBS (Internet-based Book Building System) and RTRMS

Regulatory Changes

No regulatory changes. This circular provides operational instructions for an existing OTB framework as per Exchange Notices no. 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).

Compliance Requirements

For Trading Members:

  • Ensure investor UCC (Unique Client Code) is registered and updated with correct PAN number and category in Exchange UCC database
  • Can only bid for investors having shares in demat form
  • Must use iBBS platform for bid submission
  • Access via Internet (https://ibbs.bseindia.com/) or Leased Line (https://ibbsll.bseindia.com/)

For Custodian Members:

  • Participate through designated platforms
  • Note that if no securities are accepted, no End of Issue files will be generated in Extranet

Investor Categories for Bidding:

  • FII (Foreign Institutional Investor)
  • FI (Financial Institution)
  • MF (Mutual Fund)
  • IC (Insurance Companies)
  • OTH (Other QIBs)
  • NOH (Other NIB)
  • CO (Company)
  • IND (Individual)

Important Dates

  • Bid Offering Period: November 13, 2025 to November 26, 2025 (9:15 AM - 3:30 PM)
  • Give-up/Take-up Period: November 13, 2025 to November 25, 2025 (9:15 AM - 3:30 PM)
  • Last Day Give-up: November 26, 2025 (9:15 AM - 3:30 PM)
  • Last Day Take-up: November 26, 2025 (9:15 AM - 4:00 PM)
  • Offer Closure: November 26, 2025

Impact Assessment

Market Impact: Moderate - This takeover offer affects shareholders of Johnson Controls-Hitachi Air Conditioning India Ltd who hold shares in demat form. The offer provides an exit opportunity at Rs. 1762.54 per share for up to 70,00,355 shares.

Operational Impact: Trading members and custodians must ensure their systems and UCCs are properly configured to facilitate client participation. The offer will be conducted through the established OTB module on iBBS platform.

Shareholder Impact: Existing shareholders have a 14-day window to tender their shares if they wish to participate in the acquisition offer. Only demat shares are eligible.

Contact Support: BSE has provided comprehensive contact details for technical support including Trading Operations team (022-22728005, user.trdops@bseindia.com) and specific personnel for iBBS-OTB module queries.

Impact Justification

Medium importance as this is a specific takeover offer affecting one company with a defined acquisition window. Impact is moderate, limited to shareholders of JCHAC who may participate in the offer during the specified period.