Description
NSE Clearing revises settlement schedule for NACL Industries Limited takeover offer under tender offer scheme with new dates in September 2025.
Summary
NSE Clearing Limited has revised the settlement calendar for the takeover offer under tender offer scheme of NACL Industries Limited. The revised settlement schedule extends the trade end date to September 09, 2025, with obligation download on September 19, 2025, and final settlement on September 22, 2025.
Key Points
- Revised settlement calendar for NACL Industries Limited takeover offer
- Settlement Type X, Settlement No. 2025074
- Trade period: August 22, 2025 to September 09, 2025
- References previous circulars NCL/CMPT/69736 dated August 20, 2025 and NSE/CMTR/70045 dated September 04, 2025
- All other details from the original circular 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
- Clearing Corporation may notify further revised settlement schedule in case of delays in RTA acceptance details or funds pay-in
- All other compliance requirements from circular NCL/CMPT/69736 continue to apply
Important Dates
- Trade Start Date: August 22, 2025
- Trade End Date: September 09, 2025
- Obligation Download: September 19, 2025
- Settlement Date: September 22, 2025
Impact Assessment
Medium impact limited to participants in NACL Industries takeover offer. The revised dates provide additional time for trade execution and settlement processes. Market participants involved in this specific tender offer need to adjust their operational timelines accordingly.
Impact Justification
Revised settlement dates for specific company takeover affects trading participants but limited to single stock