Description
NSE Clearing provides settlement calendar and instructions for SML Isuzu Limited takeover offer under tender offer scheme.
Summary
NSE Clearing Limited has issued the settlement calendar for the takeover offer under tender offer scheme of SML Isuzu Limited. The trading window runs from August 8-22, 2025, with settlement scheduled for September 9, 2025.
Key Points
- Settlement Type: X, Settlement No: 2025069
- Trade period: August 8-22, 2025
- Obligation download: September 8, 2025
- Settlement date: September 9, 2025
- Demat shares tendered only through early pay-in mechanism
- Early pay-in deadline: 3:30 PM on trade end date
- Securities Transaction Tax applicable on settlement day
Regulatory Changes
No regulatory changes specified in this circular.
Compliance Requirements
- Members must use early pay-in mechanism for demat shares through depositories for Market Type Buyback
- Early pay-in of shares must be completed well in advance by 3:30 PM on trade end date
- Securities and funds pay-out will occur post receipt of funds pay-in on settlement day
- Members must refer to scheme document for complete details
Important Dates
- Trade Start Date: August 8, 2025
- Trade End Date: August 22, 2025
- Early Pay-in Deadline: 3:30 PM on August 22, 2025
- Obligation Download: September 8, 2025
- Settlement Date: September 9, 2025
Impact Assessment
This circular directly impacts all NSE members, custodians, and PCMs dealing with SML Isuzu Limited shares during the takeover offer period. The settlement schedule may be revised if there are delays in acceptance details from RTA or funds pay-in delays. A comprehensive list of 26 rejection codes is provided for various scenarios including signature mismatches, transmission issues, and eligibility problems.
Impact Justification
Critical settlement information for active takeover offer affecting all shareholders and trading members