Description
NSE Clearing announces settlement calendar for Nureca Limited's buyback offer under tender offer scheme, with trading from December 18-24, 2025 and settlement on December 30, 2025.
Summary
NSE Clearing Limited has issued the settlement calendar for the buyback offer under tender offer scheme by Nureca Limited. The trading window will be open from December 18-24, 2025, with obligation download on December 29, 2025 and final settlement on December 30, 2025. Settlement Type X, Settlement No. 2025130.
Key Points
- Trading period: December 18-24, 2025
- Obligation download date: December 29, 2025
- Settlement date: December 30, 2025
- Demat shares must be tendered through early pay-in mechanism for Market Type Buyback
- Early pay-in deadline on trade end date: 3:30 PM
- Securities Transaction Tax (STT) will be collected on settlement day
- Settlement schedule may be revised in case of delays from RTA or fund pay-in delays
- Tender Offer Acceptance Report will detail accepted, partially accepted, and rejected orders with reason codes
Regulatory Changes
No new regulatory changes. This circular implements the buyback offer previously announced in circulars NCL/CMPT/67751 dated April 29, 2025 and NSE/CMTR/71839 dated December 16, 2025.
Compliance Requirements
For Members/Trading Members:
- Tender demat shares only through early pay-in mechanism of depositories for Market Type Buyback
- Complete early pay-in well in advance by 3:30 PM on trade end date (December 24, 2025)
- Ensure timely funds pay-in to avoid settlement schedule revision
- Review Tender Offer Acceptance Report for order status and rejection reasons
- Refer to scheme document for complete details
Rejection Reasons Include:
- Signature discrepancies
- Demat account and name mismatch
- Excess shares tendered beyond eligibility
- Shares not eligible as on record date
- PAN mismatch
- 26 total rejection codes provided in Annexure I
Important Dates
- December 18, 2025: Trade start date
- December 24, 2025: Trade end date; Early pay-in deadline 3:30 PM
- December 29, 2025: Obligation download date
- December 30, 2025: Settlement date
*Note: Settlement dates may be revised if delays occur in receiving acceptance details from RTA or fund pay-in by buying trading member.
Impact Assessment
Market Impact: Medium - Specific to Nureca Limited shareholders and participating trading members. The buyback will temporarily affect liquidity and trading patterns for Nureca shares during the tender offer period.
Operational Impact: Trading members must ensure proper coordination for early pay-in of shares and timely funds settlement. The 5-day trading window provides adequate time for shareholders to participate. The structured settlement process with clear deadlines reduces operational risks.
Investor Impact: Shareholders of Nureca Limited have the opportunity to tender shares during December 18-24, 2025. Proper documentation and early pay-in compliance are critical to avoid rejection. The comprehensive list of 26 rejection codes helps members understand potential issues in advance.
Impact Justification
Company-specific buyback settlement details affecting shareholders and trading members participating in Nureca's tender offer, with clear operational timelines and procedures.