Description
NSE updates settlement schedule for tender offer with new obligation download date of August 6, 2025 and settlement date of August 7, 2025.
Summary
NSE Clearing Limited has revised the settlement calendar for the takeover offer under tender offer scheme of HealthCare Global Enterprises Limited. The new schedule moves the obligation download date to August 6, 2025 and settlement date to August 7, 2025.
Key Points
- Settlement type X with settlement number 2025059
- Trading period: July 21, 2025 to August 1, 2025
- Revised obligation download date: August 6, 2025
- Revised settlement date: August 7, 2025
- Schedule may be further revised if there are delays in acceptance details from RTA or funds pay-in
Regulatory Changes
No regulatory changes - this is an operational schedule revision for an existing takeover offer process.
Compliance Requirements
- All members, custodians, and PCMs must note the revised settlement calendar
- Trading members must ensure timely funds pay-in to avoid further schedule delays
- All other conditions from previous circular NCL/CMPT/69186 dated July 18, 2025 remain applicable
Important Dates
- Trade End Date: August 1, 2025
- Obligation Download: August 6, 2025
- Settlement Date: August 7, 2025
Impact Assessment
Medium impact on market participants involved in the HealthCare Global Enterprises takeover offer. The revised timeline provides additional processing time but requires participants to adjust their settlement preparations accordingly. Any further delays in RTA acceptance details or funds could trigger additional schedule revisions.
Impact Justification
Settlement schedule revision affects trading members and custodians participating in the takeover offer