Description
NSE Clearing provides settlement calendar and instructions for Tanla Platforms Limited buyback offer under tender offer scheme.
Summary
NSE Clearing Limited has issued the settlement calendar for Tanla Platforms Limited’s buyback offer under the tender offer scheme. The circular provides specific dates for trading, settlement, and detailed instructions for members regarding the buyback process.
Key Points
- Settlement Type: X, Settlement No: 2025064
- Trade period: July 29, 2025 to August 4, 2025
- Obligation download: August 8, 2025
- Settlement date: August 11, 2025
- Demat shares must be tendered through early pay-in mechanism
- Early pay-in deadline: 03:30 p.m. on trade end date
- Securities Transaction Tax (STT) will be collected on settlement day
Regulatory Changes
No new regulatory changes introduced. This circular implements existing buyback regulations for the specific Tanla Platforms offer.
Compliance Requirements
- Members must place early pay-in of shares through depository early pay-in mechanism for Market Type Buyback
- Early pay-in of shares must be completed well in advance by 03:30 p.m. on trade end date
- Securities and funds pay-out will be made post receipt of pay-in of funds on settlement day
- Members must refer to the scheme document for complete details
- Contact NCL help desk for clarifications at ncl_tenderoffer@nsccl.co.in or toll-free 1800 266 00 50 (Option 2)
Important Dates
- Trade Start Date: July 29, 2025
- Trade End Date: August 4, 2025
- Obligation Download: August 8, 2025
- Settlement Date: August 11, 2025
- Early Pay-in Deadline: 03:30 p.m. on August 4, 2025
Impact Assessment
This circular affects Tanla Platforms Limited shareholders participating in the buyback offer and NSE trading members facilitating the transactions. The structured settlement calendar ensures orderly processing of the buyback offer with clear timelines for all participants. The comprehensive list of 26 rejection codes in Annexure I provides transparency on potential reasons for order rejection or partial acceptance.
Impact Justification
Company-specific buyback settlement instructions affecting shareholders and trading members