Description
NSE Clearing updates settlement schedule for Kolte-Patil Developers takeover offer with revised dates for trade end, obligation download and settlement.
Summary
NSE Clearing Limited has issued a revised settlement calendar for the takeover offer under tender offer scheme of Kolte-Patil Developers Limited. The circular updates the settlement schedule with new dates for trade end, obligation download, and settlement completion.
Key Points
- Revised settlement calendar issued for Kolte-Patil Developers takeover offer
- Settlement Type: X, Settlement No: 2025073
- Trade period: August 22, 2025 to September 9, 2025
- New obligation download date: September 11, 2025
- New settlement date: September 12, 2025
- Potential for further revisions based on RTA acceptance details or fund delays
Regulatory Changes
No new regulatory changes introduced. This is a schedule revision of an existing takeover offer process.
Compliance Requirements
- Members/Custodians/PCMs must note the revised settlement calendar
- All other details from previous circular NCL/CMPT/69724 dated August 19, 2025 remain applicable
- Contact help desk for clarifications at ncl_tenderoffer@nsccl.co.in or toll-free 1800 266 00 50 (Option 2)
Important Dates
- Trade Start Date: August 22, 2025
- Trade End Date: September 9, 2025
- Obligation Download: September 11, 2025
- Settlement Date: September 12, 2025
Impact Assessment
Medium impact limited to participants in the Kolte-Patil Developers takeover offer. The revision provides updated timeline for settlement obligations and may affect trading strategies for involved parties. Clearing Corporation reserves right to further revise schedule based on operational requirements.
Impact Justification
Revised settlement schedule affects specific takeover offer participants with clear deadlines