Description

NSE provides settlement calendar and instructions for the takeover offer of Heubach Colorants India Limited under tender offer scheme.

Summary

NSE Clearing Limited has issued the settlement calendar for the takeover offer under tender offer scheme of Heubach Colorants India Limited. The offer will run from September 11, 2025 to September 24, 2025, with settlement scheduled for October 9, 2025.

Key Points

  • Settlement Type: X, Settlement Number: 2025084
  • Trading period: September 11-24, 2025
  • Obligation download: October 8, 2025
  • Final settlement: October 9, 2025
  • Early pay-in of demat shares required through depositories
  • Securities Transaction Tax (STT) applicable on settlement day
  • Comprehensive rejection codes provided for order processing

Regulatory Changes

No new regulatory changes introduced. This circular provides operational guidelines for the specific takeover offer.

Compliance Requirements

  • Members must place early pay-in of shares through depositories for Market Type Buyback
  • Early pay-in of shares must be completed by 3:30 PM on trade end date
  • Securities and funds pay-out will occur after 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 or toll-free 1800 266 00 50

Important Dates

  • Trade Start Date: September 11, 2025
  • Trade End Date: September 24, 2025
  • Obligation Download: October 8, 2025
  • Settlement Date: October 9, 2025
  • Early Pay-in Deadline: 3:30 PM on September 24, 2025

Impact Assessment

This circular affects trading members and investors participating in the Heubach Colorants India Limited takeover offer. The detailed rejection codes (26 different reasons) and settlement procedures ensure orderly processing of tender offers. Potential delays in settlement may occur if there are issues with RTA acceptance details or funds pay-in by buying members.

Impact Justification

Specific to one company's takeover offer with defined settlement procedures and timelines