Description
NSE Clearing updates settlement schedule for Kolte-Patil Developers takeover offer with new trade end date of September 09, 2025.
Summary
NSE Clearing Limited has revised the settlement calendar for the takeover offer under tender offer scheme of Kolte-Patil Developers Limited. The key change is an extension of the trade end date to September 09, 2025, with corresponding adjustments to obligation download and settlement dates.
Key Points
- Settlement Type: X, Settlement No: 2025073
- Trade period: August 22, 2025 to September 09, 2025
- Obligation download date: September 19, 2025
- Final settlement date: September 22, 2025
- Revision follows previous circulars NCL/CMPT/69724 and NSE/CMTR/70046
Regulatory Changes
No new regulatory framework changes - this is a schedule revision for an existing tender offer process.
Compliance Requirements
- Members, custodians, and PCMs must note the revised settlement calendar
- All other details from circular NCL/CMPT/69724 dated August 19, 2025 remain applicable
- Contact help desk for clarifications at ncl_tenderoffer@nsccl.co.in
Important Dates
- Trade End Date: September 09, 2025 (revised)
- Obligation Download: September 19, 2025
- Settlement Date: September 22, 2025
- Note: Dates may be further revised if there are delays in acceptance details from RTA or funds pay-in
Impact Assessment
Limited impact specific to Kolte-Patil Developers takeover participants. The extension provides additional time for tender submissions, potentially affecting the takeover timeline and participant strategies. Market operations remain normal with standard settlement procedures applying.
Impact Justification
Settlement schedule revision affects specific takeover participants but has limited broader market impact