Description
NSE Clearing publishes settlement calendar for Kolte-Patil Developers takeover offer with trade period from August 22 to September 8, 2025.
Summary
NSE Clearing Limited has published the settlement calendar for the takeover offer under tender offer scheme of Kolte-Patil Developers Limited. The trading period will run from August 22, 2025 to September 8, 2025, with settlement date on September 22, 2025.
Key Points
- Settlement Type: X, Settlement No: 2025073
- Trade Start Date: August 22, 2025
- Trade End Date: September 8, 2025
- Obligation Download: September 19, 2025
- Settlement Date: September 22, 2025
- Demat shares must be tendered through early pay-in mechanism
- Early pay-in deadline: 3:30 PM on trade end date
- Securities Transaction Tax (STT) will be collected on settlement day
Regulatory Changes
No new regulatory changes introduced. This circular provides operational details for an existing takeover offer framework.
Compliance Requirements
- Members must use early pay-in mechanism of 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 be made post receipt of pay-in of funds on settlement day
- Members must refer to the scheme document for complete details
- Contact help desk for clarifications at ncl_tenderoffer@nsccl.co.in or toll-free 1800 266 00 50 (Option 2)
Important Dates
- August 22, 2025: Trade start date
- September 8, 2025: Trade end date (early pay-in deadline 3:30 PM)
- September 19, 2025: Obligation download date
- September 22, 2025: Settlement date
Impact Assessment
This affects Kolte-Patil Developers Limited shareholders who wish to participate in the takeover offer. The defined settlement calendar provides clarity for trading members and custodians on operational timelines. Settlement schedule may be revised in case of delays in acceptance details from RTA or fund pay-in delays. The circular includes comprehensive rejection codes (26 different reasons) for partial or non-acceptance of tender offers.
Impact Justification
Specific takeover offer with defined settlement schedule affecting Kolte-Patil Developers shareholders