Axial Capital Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Oscar Global Ltd ("Target Company").
Awaiting price reaction for this filing.
Axial Capital, the manager to the offer, has submitted the Draft Letter of Offer to BSE for an open offer to the public shareholders of Oscar Global Limited. The offer is being made by Mr. Gopal Bhatter and Gopal Bhatter HUF following their September 30, 2025 Share Purchase Agreement to acquire 14,46,703 shares (43.84%) from existing promoters at Rs. 9 per share, triggering a change of control. The open offer is for up to 8,58,000 equity shares (26% of equity capital) at Rs. 12.15 per share, payable in cash, with a maximum consideration of Rs. 1.04 crore. The tendering period is scheduled from November 26, 2025 to December 9, 2025. The acquirers intend to take management control but have stated no major changes to the existing business and no intention to delist for one year.
Public shareholders can tender their shares at Rs. 12.15 each between November 26 and December 9, 2025. The change of control may bring shifts in board composition and business direction, though acquirers have signaled continuity of current operations.