Axial Capital Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 3(1) and Regulation 4, read with Regulation 13(4), Regulation ....
Awaiting price reaction for this filing.
Oscar Global Limited's board has received a Detailed Public Statement from Axial Capital Pvt. Ltd. (Manager to the Offer) for an open offer triggered by Mr. Gopal Bhatter and M/s Gopal Bhatter HUF (the Acquirers). The Acquirers have entered into Share Purchase Agreements on September 30, 2025 with five outgoing promoters to buy 14,46,703 equity shares (43.84% of equity capital), crossing the open offer threshold under SEBI Takeover Regulations. Consequently, they are making a mandatory open offer to public shareholders for up to 8,58,000 shares (26%) at Rs. 12.15 per share. The open offer opens on November 26, 2025 and closes on December 9, 2025. Oscar Global is a small trading company (BSE scrip code 530173) that has been loss-making, with a net loss of Rs. 21.06 lakhs for FY25 and Rs. 3.09 lakhs for the quarter ended June 30, 2025.
This is a change-of-control event — a new promoter group is taking over a loss-making listed company. Public shareholders can tender shares at Rs. 12.15 per share during the offer window. The offer price is likely to be a key reference point for the stock, though the small size and weak financials of the company mean liquidity and price discovery post-offer remain uncertain.