Description
NSE provides settlement calendar and procedures for NACL Industries Limited takeover offer under tender offer scheme.
Summary
NSE Clearing Limited announces the settlement calendar and procedures for the takeover offer under tender offer scheme of NACL Industries Limited. The tender offer period runs from August 22, 2025 to September 8, 2025, with settlement scheduled for September 22, 2025.
Key Points
- Settlement Type: X, Settlement No: 2025074
- Trade period: August 22, 2025 to 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) applicable on settlement day
Regulatory Changes
No new regulatory changes introduced - this circular provides implementation details for previously announced takeover offer procedures.
Compliance Requirements
- Members must use early pay-in mechanism for demat shares tendering
- Early pay-in of shares required well in advance by 3:30 PM on September 8, 2025
- Securities and funds pay-out occurs post receipt of pay-in funds on settlement day
- Members must refer to scheme document for complete details
- Contact help desk for clarifications at ncl_tenderoffer@nsccl.co.in
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
Medium impact for NACL Industries shareholders and trading members participating in the tender offer. The circular provides essential operational details including 26 rejection codes for various scenarios that could result in order rejection or partial acceptance. Settlement dates may be revised if there are delays in acceptance details from RTA or fund pay-ins.
Impact Justification
Specific settlement procedures for takeover offer affecting NACL Industries shareholders