Description
Updated settlement schedule for the takeover offer of Bohra Industries Limited with revised dates for trade period and settlement.
Summary
NSE Clearing Limited has issued a revised settlement calendar for the takeover offer under tender scheme of Bohra Industries Limited. This circular updates the previously announced schedule with new dates for trading period and settlement.
Key Points
- Revised settlement calendar for Bohra Industries Limited takeover offer
- Settlement Type: X, Settlement No: 2025065
- Trade period: July 31, 2025 to August 13, 2025
- Obligation download date: August 20, 2025
- Settlement date: August 21, 2025
- All other details from previous circular NCL/CMPT/69352 dated July 28, 2025 remain applicable
Regulatory Changes
No regulatory changes - this is a schedule revision of existing takeover offer procedures.
Compliance Requirements
- Members, custodians, and PCMs must note the revised settlement calendar
- Trading members must ensure compliance with updated timeline for funds pay-in
- RTAs must provide acceptance details within the revised schedule
Important Dates
- Trade Start Date: July 31, 2025
- Trade End Date: August 13, 2025
- Obligation Download: August 20, 2025
- Settlement Date: August 21, 2025
- *Dates may be further revised if there are delays in RTA acceptance details or funds pay-in
Impact Assessment
Medium impact on market participants involved in the Bohra Industries takeover offer. The revision provides updated timeline for completion of the tender offer process. Potential for further schedule changes exists if operational delays occur from RTAs or trading members.
Impact Justification
Schedule revision affects trading members and investors participating in the tender offer but is administrative in nature