Description
NSE Clearing Limited announces revised settlement schedule for SML Isuzu Limited takeover offer with new settlement date of August 29, 2025.
Summary
NSE Clearing Limited has revised the settlement calendar for the takeover offer under Tender Offer scheme of SML Isuzu Limited. The updated settlement schedule shows trading period from August 8-22, 2025, with obligation download on August 28, 2025, and settlement date of August 29, 2025.
Key Points
- Revised settlement calendar for SML Isuzu Limited takeover offer
- Settlement Type: X, Settlement No: 2025069
- Trade period: August 8-22, 2025
- Settlement may be further revised if there are delays in acceptance details from RTA or funds pay-in
- All other details from previous circular NCL/CMPT/69552 dated August 7, 2025 remain applicable
Regulatory Changes
No new regulatory changes introduced - this is a schedule revision for existing takeover offer procedures.
Compliance Requirements
- Members, custodians, and PCMs must note the revised settlement calendar
- Trading members must ensure timely funds pay-in to avoid further schedule delays
- All participants should refer to original circular NCL/CMPT/69552 for complete compliance requirements
Important Dates
- Trade Start Date: August 8, 2025
- Trade End Date: August 22, 2025
- Obligation Download: August 28, 2025
- Settlement Date: August 29, 2025
Impact Assessment
Medium impact limited to participants in SML Isuzu Limited takeover offer. The revision provides clarity on settlement timeline but may require operational adjustments for involved trading members and custodians. Potential for further delays exists if acceptance details or funds are not received timely.
Impact Justification
Settlement schedule revision for specific takeover offer affects trading members and custodians but limited to one company