Description
Settlement calendar for the takeover offer through acquisition window for Johnson Controls-Hitachi Air Conditioning India Limited, with bidding period from November 13 to November 26, 2025.
Summary
BSE has announced the settlement calendar for the Offer to Buy through Acquisition Window (Takeover) for Johnson Controls-Hitachi Air Conditioning India Limited. The bidding window will be open from November 13, 2025 to November 26, 2025, with settlement number 2025119. Obligation download is scheduled for December 9, 2025 and final settlement on December 10, 2025.
Key Points
- Settlement Type: Takeover (Settlement No. 2025119)
- Bid Start Date: November 13, 2025
- Bid End Date: November 26, 2025
- Obligation Download Date: December 9, 2025
- Settlement Date: December 10, 2025
- Demat shares must be delivered only through Early Pay-in of Shares mechanism available in both depositories
- Market Type “Takeover” and settlement number 2025119 must be used in depository system
- No EPN file upload required by Members & Custodians
- Securities will be earmarked/blocked in clients’ accounts in requisite market type and settlement number
Regulatory Changes
No new regulatory changes introduced. The circular references existing guidelines under Notice No.20200528-32 dated May 28, 2020 regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.
Compliance Requirements
- Members/Custodians must ensure early pay-in of securities is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids by BSE OTB platform
- Complete early pay-in process in Depository system sufficiently in advance before closure of BSE OTB Bidding window
- Members must refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Both CDSL and NSDL early pay-in securities will be earmarked/blocked in clients’ accounts
- Members must use Market Type “Takeover” and settlement number 2025119 in depository systems
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | November 13, 2025 |
| Bid End Date | November 26, 2025 |
| Obligation Download | December 9, 2025 |
| Settlement Date | December 10, 2025 |
Impact Assessment
Market Impact: Medium - affects shareholders of Johnson Controls-Hitachi Air Conditioning India Limited who wish to participate in the takeover offer through the acquisition window.
Operational Impact: Medium - requires Members and Custodians to follow specific procedures for early pay-in of shares and ensure timely reflection in BSE/ICCL systems. The two-week bidding window provides adequate time for participants to complete necessary processes.
Stakeholder Impact: Primarily affects:
- Shareholders of Johnson Controls-Hitachi Air Conditioning India Limited
- BSE Trading Members
- Custodians (CDSL and NSDL participants)
- Indian Clearing Corporation Ltd (ICCL)
For clarifications, stakeholders can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.
Impact Justification
Provides operational details for takeover offer settlement affecting specific company shareholders and participating members/custodians during the acquisition window period