Description
BSE/ICCL announces the settlement schedule for the Offer to Buy under the Acquisition Window for the delisting of Tulive Developers Limited. Provides operational guidance for settlement and RMS participants.
Summary
BSE, through ICCL (Indian Clearing Corporation Limited), has issued Notice No. 20260413-18 dated 13 April 2026 detailing the settlement schedule for the Offer to Buy under the Acquisition Window related to the delisting of Tulive Developers Limited. This notice is directed at Settlement and RMS segment participants.
Key Points
- Notice issued by ICCL under the Settlement/RMS category on 13 April 2026
- Covers the Offer to Buy – Acquisition Window mechanism specific to the delisting of Tulive Developers Limited
- Applicable to the General segment
- No attachments accompanying this notice
Regulatory Changes
No new regulatory changes introduced. This notice operationalizes the existing delisting framework under SEBI’s delisting regulations by providing the specific settlement schedule for the Tulive Developers Limited acquisition window.
Compliance Requirements
- Trading members and clearing members participating in the Offer to Buy for Tulive Developers Limited must adhere to the settlement schedule as specified by ICCL
- Participants should review the full notice on the BSE website for specific settlement dates, pay-in/pay-out obligations, and any margin requirements applicable to the acquisition window
Important Dates
- Notice Date: 13 April 2026
- Specific settlement window dates for the Offer to Buy are referenced in the notice; participants should refer to the BSE notice portal (Notice No. 20260413-18) for the detailed schedule
Impact Assessment
This notice has a targeted impact on market participants holding or transacting in Tulive Developers Limited shares. Brokers facilitating client participation in the delisting acquisition window must align their back-office and settlement operations with the prescribed schedule. The broader market impact is low, as this pertains solely to the delisting of one specific company.
Impact Justification
Operationally significant for brokers and participants involved in the Tulive Developers delisting process; limited broader market impact as it pertains to a specific scrip's delisting settlement window.