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 at offer price of Rs. 1762.54 per share.
Summary
BSE has announced the detailed schedule for Offer to Buy - Acquisition Window (Takeover) for shares of JOHNSON CONTROLS-HITACHI AIR CONDITIONING INDIA LTD. The offer will run from Thursday, November 13, 2025 to Wednesday, November 26, 2025. Trading Members and Custodian Members can participate through the OTB module on iBBS and RTRMS platforms. The offer is for up to 70,00,355 equity shares at an offer price of Rs. 1762.54 per share.
Key Points
- Security Symbol: JCHAC (Scrip Code: 523398)
- ISIN: INE782A01015
- 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 13-26, 2025
- Bid offering timings: 9:15 AM to 3:30 PM
- Give-up/Take-up: November 13-25, 2025 (9:15 AM to 3:30 PM)
- Last day Give-up: November 26, 2025 (9:15 AM to 3:30 PM)
- Last day Take-up: November 26, 2025 (9:15 AM to 4:00 PM)
- Investor categories: FII, Financial Institution, Mutual Fund, Insurance Companies, Other QIBs, Other NIB, Company, Individual
Regulatory Changes
No regulatory changes introduced. This circular provides operational procedures for an existing takeover framework under SEBI takeover regulations.
Compliance Requirements
- Trading Members must ensure UCC of investors is registered/updated with correct PAN Number and Category in Exchange UCC database
- Trading Members can only bid for investors having shares in demat form
- Members must refer to Exchange Notices No. 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
- Access platforms through specified URLs:
- iBBS Internet: https://ibbs.bseindia.com/
- iBBS Leased Line: https://ibbsll.bseindia.com/
- RTRMS Internet: https://rtrms.bseindia.com/
- RTRMS Leased Line: https://rtrmsll.bseindia.com/
- Extranet Internet: https://member.bseindia.com/
- Extranet Leased Line: https://memberll.bseindia.com/
- Files on Extranet for bid acceptance will be available after Exchange receives confirmation from Merchant Banker/RTA post-issue closure
- If no securities are accepted, no End of Issue files will be generated in Extranet
Important Dates
- Notice Date: November 12, 2025
- Opening Date: Thursday, November 13, 2025
- Closing Date: Wednesday, November 26, 2025
- Bid Offering Period: November 13-26, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up Period: November 13-25, 2025 (9:15 AM to 3:30 PM)
- Last Day Give-up: November 26, 2025 (9:15 AM to 3:30 PM)
- Last Day Take-up: November 26, 2025 (9:15 AM to 4:00 PM)
Impact Assessment
Market Impact: Moderate impact limited to JCHAC shareholders and trading activity. The takeover offer provides an exit opportunity for shareholders at Rs. 1762.54 per share for up to 70 lakh shares, representing a significant acquisition stake.
Operational Impact: Trading Members and Custodians need to configure systems for OTB module participation, ensure UCC database is updated, and coordinate with investors holding shares in demat form. Extended trading hours on the last day (till 4:00 PM for take-up) require operational adjustments.
Investor Impact: Shareholders of JOHNSON CONTROLS-HITACHI AIR CONDITIONING INDIA LTD have a 14-day window to tender their shares at the specified offer price. Only demat shareholders can participate through their trading members.
Contact Support: Multiple contact points provided for technical support including Trading Operations team (022-22728005) and specific personnel for iBBS/OTB module queries and Listing operations.
Impact Justification
Corporate action affecting specific stock with defined takeover offer for up to 70 lakh shares; impacts shareholders and trading members dealing with this security during the specified period.