Description
NSE Clearing announces settlement calendar for Vilin Bio Med Limited takeover offer with trading period from September 1-15, 2025.
Summary
NSE Clearing Limited has announced the settlement calendar for the takeover offer under Tender Offer scheme of Vilin Bio Med Limited. The trading period will run from September 1-15, 2025, with settlement scheduled for September 30, 2025.
Key Points
- Settlement Type X, Settlement No. 2025075
- Trade period: September 1-15, 2025
- Obligation download: September 29, 2025
- Settlement date: September 30, 2025
- Demat shares to 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 operational details for the previously announced takeover offer scheme.
Compliance Requirements
- Members must use early pay-in mechanism for demat shares through depositories
- 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 pay-in of funds on settlement day
- Members to refer to scheme document for complete details
Important Dates
- Trade Start: September 1, 2025
- Trade End: September 15, 2025
- Early Pay-in Deadline: September 15, 2025 (3:30 PM)
- Obligation Download: September 29, 2025
- Settlement Date: September 30, 2025
Impact Assessment
Medium impact on Vilin Bio Med Limited shareholders participating in the tender offer. The circular provides clear operational framework for the takeover process. Settlement schedule may be revised in case of delays in acceptance details from RTA or funds pay-in by trading members.
Impact Justification
Specific settlement schedule for takeover offer affecting shareholders of Vilin Bio Med Limited