, BSE lays down new norms for share settlement, tendering ~ CS GAURAV SHARMA

July 3, 2015

BSE lays down new norms for share settlement, tendering


The BSE has issued guidelines on tendering and settlement of shares through its platform, effective from 1 July, to make delisting, buyback and takeover offers easier. BSE said, “Facility for acquisition of shares through the stock exchange mechanism pursuant to offer would be available on the bourse in the form of a separate window (acquisition window).”In case the acquisition window is offered by more than one player with a nation-wide trading terminal, only one of them will be picked up as the designated stock exchange.

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