BSE has announced the live activities schedule for the Offer to Buy (OTB) acquisition window under the takeover of Kwality Wall’s (India) Ltd (Scrip: KWIL, Code: 544622). The offer period runs from Thursday, April 23, 2026 to Thursday, May 7, 2026, with an offer price of Rs. 21.33 per share for up to 61,08,93,729 equity shares.

Key Points

• Security: Kwality Wall’s (India) Ltd | Symbol: KWIL | ISIN: INE2KCE01013 | Scrip Code: 544622
• Offer Size: Up to 61,08,93,729 equity shares
• Offer Price: Rs. 21.33 per share
• Face Value: Rs. 1.00 | Market Lot: 1
• Opening Date: Thursday, April 23, 2026
• Closing Date: Thursday, May 7, 2026
• Live OTB session timings: 9:15 a.m. to 3:30 p.m. (daily during offer period)
• Give-up/Take-up sessions run April 23 to May 6 (9:15 a.m.–3:30 p.m.) with final day May 7 extended to 4:00 p.m.
• Bidding accessible via iBBS platform at https://ibbs.bseindia.com/ (internet) and https://ibbsll.bseindia.com/ (leased line)
• Only demat shares are eligible for bidding

Regulatory Changes

No new regulatory changes introduced. This notice operationalizes the existing OTB framework under Exchange Notices 20150930-1 and 20170203-29 for this specific takeover offer.

Compliance Requirements

• Trading Members must ensure the investor’s UCC is registered and/or updated with the correct PAN Number and Category in the Exchange UCC database.
• Members and Custodians should note that no End of Issue files will be generated in Extranet if no securities are accepted.
• Members must use the iBBS platform for bid submission; RTRMS for related trade reporting.
• For leased line access configuration, refer to Exchange Circular No. 20170503-12.

Important Dates

Impact Assessment

This is a significant market event involving a large-scale takeover tender offer for Kwality Wall’s (India) Ltd. The offer covers up to ~61 crore shares, making it a high-volume transaction. Trading members and custodians across multiple investor categories (FII, FI, MF, Insurance, QIBs, NIBs, Companies, Individuals) are eligible to participate. Operational readiness for iBBS and RTRMS platforms is required. Members should verify UCC compliance and system access ahead of the April 23 opening to avoid disruptions.

NSE has announced the live bidding details for a takeover offer of Kwality Wall’s (India) Limited (Symbol: KWIL, Series: TO, ISIN: INE2KCE01013). The acquirer, The Magnum Ice Cream Company HoldCo 1 Netherlands B.V., along with PACs Magnum ICC Finance B.V. and The Magnum Ice Cream Company N.V., will conduct the offer through NSE’s web-based bidding platform under the Tender Offer Scheme (NSE/CMTR/52776 dated June 29, 2022).

Key Points

• Acquirer: The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. along with PAC1 (Magnum ICC Finance B.V.) and PAC2 (The Magnum Ice Cream Company N.V.)
• Issue size: Up to 61,08,93,729 equity shares
• Offer price: Rs. 21.33/- per share (Fixed Price)
• Face value: Re. 1/- per share; Lot size: 1 equity share
• Offer type: Takeover; Issue type: Fixed price
• Merchant Banker: Kotak Mahindra Capital Company Limited
• Registrar: KFin Technologies Limited
• Live URL for members: https://eipo.nseindia.com
• Order modification (quantity) and cancellation are NOT permitted for takeover offers
• All Capital Market segment trading members are eligible to participate

Regulatory Changes

No new regulatory changes introduced. The offer is governed by the existing Tender Offer Scheme Exchange circular NSE/CMTR/52776 dated June 29, 2022.

Compliance Requirements

• Trading members already on the web-based IPO bidding platform may use existing credentials to access the Tender Offer Facility
• Members without access must log in to the admin terminal using Admin ID format: Adminxxxxx (where xxxxx is the Member Code), and create branches and users before participating
• Custodial confirmations must be completed within stipulated times; extended window (until 4:00 p.m.) applies on the issue closure day
• Order modification and cancellation of quantity are prohibited once submitted

Important Dates

• Issue Period: April 23, 2026 to May 7, 2026
• Bidding Time: 9:15 a.m. to 3:30 p.m. (daily)
• Custodial Confirmation Time: 9:15 a.m. to 3:30 p.m. (daily); extended to 4:00 p.m. on the issue closure day (May 7, 2026)

Impact Assessment

This is a significant market event involving one of India’s known FMCG/ice cream brands. The offer of up to 61.08 crore shares at Rs. 21.33 represents a substantial transaction value. Shareholders of Kwality Wall’s (India) Limited should evaluate the fixed-price offer against current market valuations. All eight investor categories — FIIs, Mutual Funds, Insurance Companies, Banks & FIs, Other QIBs, Bodies Corporate, Individuals, and Other Non-Institutional Investors — are eligible to participate. Trading members must ensure system readiness on the NSE web bidding platform prior to April 23, 2026.