Description

Settlement calendar for takeover offer to buy acquisition window for AVISHKAR INFRA REALTY LIMITED from December 23, 2025 to January 6, 2026.

Summary

BSE has announced the settlement calendar for the Offer to Buy - Acquisition Window (Takeover) for AVISHKAR INFRA REALTY LIMITED. The bidding window will be open from December 23, 2025 to January 6, 2026, with settlement number 2025134. Obligation download is scheduled for January 19, 2026 and settlement date on January 20, 2026.

Key Points

  • Settlement Type: Takeover, Settlement No. 2025134
  • Bid Period: December 23, 2025 to January 6, 2026
  • Obligation Download Date: January 19, 2026
  • Settlement Date: January 20, 2026
  • Demat shares must be delivered through Early Pay-in mechanism only
  • Market Type “(Takeover)” and settlement number must be specified in depository system
  • CDSL & NSDL early pay-in securities will be earmarked/blocked in clients account
  • No EPN file upload required by Members & Custodians
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

No new regulatory changes introduced. This circular follows 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/Custodians: Must use Early Pay-in of Shares mechanism available in both depositories
  • Members/Custodians: Must specify Market Type “(Takeover)” and settlement No. 2025134 in depository system
  • Participants: Must ensure early pay-in effect is reflected in BSE/ICCL systems before prescribed timelines for accepting/confirming bids
  • Participants: Must complete early pay-in process sufficiently in advance before BSE OTB Bidding window closure
  • Members: Should refer to MBRSTD_OTB_CM_mmm_SettNo file for stamp duty charges

Important Dates

  • December 23, 2025: Bid Start Date
  • January 6, 2026: Bid End Date
  • January 19, 2026: Obligation Download
  • January 20, 2026: Settlement Date

Impact Assessment

Market Impact: Limited to shareholders and potential acquirers of AVISHKAR INFRA REALTY LIMITED. The takeover acquisition window provides a structured mechanism for share acquisition through the stock exchange platform.

Operational Impact: Trading members and custodians handling this transaction must ensure compliance with early pay-in requirements and proper coding in depository systems. The 15-day bidding window provides adequate time for participants to execute transactions.

Investor Impact: Existing shareholders of AVISHKAR INFRA REALTY LIMITED have an opportunity to tender their shares through the acquisition window during the specified period.

Impact Justification

Standard takeover acquisition window settlement schedule affecting specific company shareholders and trading members handling the transaction.