Axial Capital Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Public Announcement ("PA") as required under Regulation 3(1) and Regulation 4 read with Regulation 13, Regulation ....
Awaiting price reaction for this filing.
Oscar Global Ltd has informed BSE that Axial Capital Pvt. Ltd., acting as the Manager to the Offer, has filed a Public Announcement with the exchange. The filing has been made under Regulation 3(1) and Regulation 4 read with Regulation 13 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations govern the mandatory open offer process triggered when an acquirer crosses the prescribed shareholding threshold in a listed company. The submission of the Public Announcement is the formal first step in the open offer process and signals that a substantial acquisition of shares in Oscar Global is underway.
Existing shareholders of Oscar Global should prepare for a mandatory open offer, giving them an opportunity to exit at a price determined by the acquirer. The stock may see increased volatility as the offer price and detailed terms are awaited.