Description
Revised schedule for acquisition window (takeover) of ESHA MEDIA RESEARCH LTD shares from January 13-28, 2026 at Rs. 15.00 per share for up to 22,89,802 equity shares.
Summary
BSE has issued a revised schedule for the Offer to Buy - Acquisition Window (Takeover) for ESHA MEDIA RESEARCH LTD (ESHAMEDIA). The offer is for up to 22,89,802 equity shares at Rs. 15.00 per share, running from January 13, 2026 to January 28, 2026. Trading members and custodian members must use the iBBS platform and RTRMS system to facilitate bids during the specified session timings.
Key Points
- Security: ESHA MEDIA RESEARCH LTD (Symbol: ESHAMEDIA, ISIN: INE328F01016, Scrip Code: 531259)
- Offer Size: Up to 22,89,802 equity shares
- Offer Price: Rs. 15.00 per share
- Face Value: Rs. 10.00
- Market Lot: 1 share
- Opening Date: Tuesday, January 13, 2026
- Closing Date: Wednesday, January 28, 2026
- Bid Offering Period: January 12-28, 2026 (9:15 AM - 3:30 PM)
- Give-up/Take-up: January 12-27, 2026 (9:15 AM - 3:30 PM)
- Last day Give-up: January 28, 2026 (9:15 AM - 3:30 PM)
- Last day Take-up: January 28, 2026 (9:15 AM - 4:00 PM)
- Eligible Categories: FII, Financial Institution, Mutual Fund, Insurance Companies, Other QIBs, Other NIB, Company, Individual
Regulatory Changes
No regulatory changes introduced. This is a company-specific corporate action notice with revised activity schedule.
Compliance Requirements
- Trading members and custodian members must facilitate the offer through designated BSE platforms
- Members must ensure UCC (Unique Client Code) of investors is registered with correct PAN and category in BSE database
- Trading members can only bid for investors holding shares in demat form
- Members must refer to Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
- Access platforms via specified URLs:
- iBBS: https://ibbs.bseindia.com/ (Internet) or https://ibbsll.bseindia.com/ (Leased Line)
- RTRMS: https://rtrms.bseindia.com/ (Internet) or https://rtrmsll.bseindia.com/ (Leased Line)
- Extranet: https://member.bseindia.com/ (Internet) or https://memberll.bseindia.com/ (Leased Line)
- Files for acceptance of bids available on Extranet after confirmation from Merchant Banker/RTA post-issue closure
Important Dates
- January 12, 2026: Bid offering period starts (pre-opening)
- January 13, 2026: Official opening date
- January 12-27, 2026: Give-up/Take-up period (9:15 AM - 3:30 PM)
- January 28, 2026: Closing date
- Give-up timing: 9:15 AM - 3:30 PM
- Take-up timing: 9:15 AM - 4:00 PM
Impact Assessment
Market Impact: Low - This is a company-specific acquisition window for ESHA MEDIA RESEARCH LTD with limited broader market implications.
Operational Impact: Medium for trading members and custodians handling ESHAMEDIA shares. They need to:
- Ensure systems are configured for iBBS and RTRMS access
- Verify client UCC details and demat holdings
- Coordinate bid submissions within specified timings
- Monitor give-up/take-up windows on final day with extended hours
Investor Impact: High for ESHAMEDIA shareholders who wish to participate in the takeover offer. The offer price of Rs. 15.00 per share provides an exit opportunity for up to 22,89,802 shares.
Contact Support: BSE has provided detailed contact information for Trading Operations (022-22728005, user.trdops@bseindia.com) and specific personnel for iBBS/OTB module queries and listing operations support.
Impact Justification
Company-specific takeover offer with limited market-wide impact; important for ESHAMEDIA shareholders and trading members facilitating the acquisition window