Description
BSE announces revised settlement schedule for the takeover offer of Johnson Controls-Hitachi Air Conditioning India Limited, with obligation download on December 8, 2025 and settlement on December 9, 2025.
Summary
BSE has issued a revised settlement schedule for the Offer to Buy – Acquisition Window (Takeover) for Johnson Controls-Hitachi Air Conditioning India Limited. The takeover bid period ran from November 13, 2025 to November 26, 2025 (Settlement No. 2025119). The revised obligation download date is December 8, 2025, with settlement on December 9, 2025.
Key Points
- Settlement Type: Takeover, Settlement No. 2025119
- Bid Period: November 13, 2025 to November 26, 2025
- Revised Obligation Download: December 8, 2025
- Revised Settlement Date: December 9, 2025
- Demat shares must be delivered through Early Pay-in of Shares mechanism available in both depositories
- Members/Custodians must use Market Type “(Takeover)” and settlement No. 2025119 in the depository system
- Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
Regulatory Changes
This circular revises the settlement schedule previously announced in Notice No. 20251112-9. Members and custodians should follow the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as per Notice No. 20200528-32 dated May 28, 2020.
Compliance Requirements
- Members and Custodians must deliver demat shares only through the Early Pay-in of Shares mechanism
- Must specify Market Type “(Takeover)” and settlement No. 2025119 in depository system transactions
- Members must refer to the MBRSTD_OTB_CM_mmm_SettNo file for client-wise Stamp Duty charges
- Follow guidelines specified in Notice No. 20200528-32 for acquisition mechanism through Stock Exchange
Important Dates
| Event | Date |
|---|---|
| Bid Start Date | November 13, 2025 |
| Bid End Date | November 26, 2025 |
| Revised Obligation Download | December 8, 2025 |
| Revised Settlement Date | December 9, 2025 |
Impact Assessment
This revision impacts members and custodians who participated in the takeover offer for Johnson Controls-Hitachi Air Conditioning India Limited. They need to adjust their settlement timelines and ensure compliance with the revised schedule. The change provides additional time for obligation fulfillment and settlement completion. For queries, members can contact ICCL Help Desk at 022-69158590/45720490/45720690 or email iccl.helpdesk@icclindia.com.
Impact Justification
Affects settlement timeline for takeover offer participants; requires action from members holding shares for the acquisition window