Description
BSE announces the live activities schedule for the Offer to Buy acquisition window for Kwality Wall's (India) Ltd shares, running from April 23 to May 7, 2026, at an offer price of Rs. 21.33 per share.
Summary
BSE has announced the live activities schedule for the Offer to Buy (OTB) acquisition window under the takeover of Kwality Wall’s (India) Ltd (Scrip: KWIL, Code: 544622). The offer period runs from Thursday, April 23, 2026 to Thursday, May 7, 2026, with an offer price of Rs. 21.33 per share for up to 61,08,93,729 equity shares.
Key Points
- Security: Kwality Wall’s (India) Ltd | Symbol: KWIL | ISIN: INE2KCE01013 | Scrip Code: 544622
- Offer Size: Up to 61,08,93,729 equity shares
- Offer Price: Rs. 21.33 per share
- Face Value: Rs. 1.00 | Market Lot: 1
- Opening Date: Thursday, April 23, 2026
- Closing Date: Thursday, May 7, 2026
- Live OTB session timings: 9:15 a.m. to 3:30 p.m. (daily during offer period)
- Give-up/Take-up sessions run April 23 to May 6 (9:15 a.m.–3:30 p.m.) with final day May 7 extended to 4:00 p.m.
- Bidding accessible via iBBS platform at https://ibbs.bseindia.com/ (internet) and https://ibbsll.bseindia.com/ (leased line)
- Only demat shares are eligible for bidding
Regulatory Changes
No new regulatory changes introduced. This notice operationalizes the existing OTB framework under Exchange Notices 20150930-1 and 20170203-29 for this specific takeover offer.
Compliance Requirements
- Trading Members must ensure the investor’s UCC is registered and/or updated with the correct PAN Number and Category in the Exchange UCC database.
- Members and Custodians should note that no End of Issue files will be generated in Extranet if no securities are accepted.
- Members must use the iBBS platform for bid submission; RTRMS for related trade reporting.
- For leased line access configuration, refer to Exchange Circular No. 20170503-12.
Important Dates
| Event | Date |
|---|---|
| Offer Opening | Thursday, April 23, 2026 |
| Offer Closing | Thursday, May 7, 2026 |
| Give-up/Take-up Period | April 23 – May 6, 2026 (9:15 a.m.–3:30 p.m.) |
| Last Day Give-up/Take-up | May 7, 2026 (9:15 a.m.–4:00 p.m.) |
Impact Assessment
This is a significant market event involving a large-scale takeover tender offer for Kwality Wall’s (India) Ltd. The offer covers up to ~61 crore shares, making it a high-volume transaction. Trading members and custodians across multiple investor categories (FII, FI, MF, Insurance, QIBs, NIBs, Companies, Individuals) are eligible to participate. Operational readiness for iBBS and RTRMS platforms is required. Members should verify UCC compliance and system access ahead of the April 23 opening to avoid disruptions.
Impact Justification
Large-scale takeover offer covering up to 61.08 crore equity shares of Kwality Wall's (India) Ltd with defined session timings, bidding categories, and operational instructions affecting trading members and custodians.