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Subject: Revised Settlement Schedule Offer to Buy – Acquisition Window (Takeover) for ORCHID SECURITIES LIMITED

 

With reference to our Notice No. 20200320-35 dated March 20, 2020, members and custodians are requested to note revised settlement calendar pertaining to Offer to Buy – Acquisition Window (Takeover) ORCHID SECURITIES LIMITED which will be conducted from 23/03/2020 to 24/04/2020 is as under:

 



Settlement Type

Settlement No.

Bid Start Date

Revised Bid End Date

Revised Obligation Download

Revised Settlement Date

Takeover

2020021

23/03/2020

24/04/2020

05/05/2020

06/05/2020

 

Additional Points:

 

  • Demat shares should be delivered only through the Early Pay-in of Shares mechanism, which is available in both the depositories. In addition to the other details, the Market Type “(Takeover)” and settlement No. 2020021 are to be used by Members/Custodians in the depository system.
  • Members/Custodians are requested to refer to Notice No.20170203-29 dated February 03, 2017 and 20170210-23 dated February 10, 2017 regarding settlement as per Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange.

                

Members/Custodians are also requested to refer to BSE Notice No.20190524-35 dated April 24, 2019, 20170202-34 dated February 02, 2017, 20170210-16 dated February 10, 2017 and 20170210-16 dated February 10, 2017 regarding Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Buy-backs, Take over and Takeover for further details.

 

For any further clarifications, Members & Custodians may contact their relationship managers or BSE Help Desk:-

 

 

For Indian Clearing Corporation Ltd.

 

Sanjay Narvankar                                                          Ajay Darji

Dy. Gen. Manager                                                         Asst. General Manager

 

April 07, 2020

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