Description

Revised settlement calendar extending bid end date to January 16, 2026 for takeover acquisition of Oscar Global Limited through stock exchange mechanism.

Summary

BSE has revised the settlement schedule for the Offer to Buy through Acquisition Window (Takeover) for Oscar Global Limited. The bid end date has been extended from January 15, 2026 to January 16, 2026, with corresponding adjustments to obligation download and settlement dates. This revision updates the previously announced schedule in Notice No. 20251231-8.

Key Points

  • Settlement Number: 2025138
  • Bid Period: January 2, 2026 to January 16, 2026 (revised)
  • Obligation Download Date: January 29, 2026
  • Settlement Date: January 30, 2026
  • Demat shares must be delivered only through Early Pay-in of Shares mechanism
  • Available in both depositories
  • Market Type designation: “Takeover” to be used in depository system
  • Members should refer to MBRSTD_OTB_CM_mmm_SettNo file for client-wise stamp duty charges

Regulatory Changes

This circular revises the timeline published in Notice No. 20251231-8, extending the bid end date by one day. The settlement follows the Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange as detailed in Notice No. 20200528-32 dated May 28, 2020.

Compliance Requirements

  • Members/Custodians must use Early Pay-in of Shares mechanism for demat share delivery
  • Market Type “Takeover” and Settlement No. 2025138 must be specified in depository system submissions
  • Members must reference the MBRSTD_OTB_CM_mmm_SettNo file for accurate client-wise stamp duty charges
  • Members/Custodians should follow guidelines specified in Notice No. 20200528-32 for acquisition settlement procedures

Important Dates

  • Bid Start Date: January 2, 2026
  • Revised Bid End Date: January 16, 2026 (extended from January 15, 2026)
  • Obligation Download Date: January 29, 2026
  • Settlement Date: January 30, 2026

Impact Assessment

This revision provides one additional day for shareholders to participate in the takeover offer for Oscar Global Limited. The extension affects trading members, custodians, and shareholders intending to tender shares in the acquisition window. Members need to ensure compliance with the early pay-in mechanism and proper system entries using the specified settlement number and market type designation. ICCL Help Desk support is available for clarifications regarding the revised settlement process.

Impact Justification

Settlement schedule revision affects specific takeover transaction timeline, impacting shareholders and members participating in Oscar Global Limited acquisition