Axial Capital Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Corrigendum to Detailed Public Statement for the attention of the Public Shareholders of Oscar Global ....
Awaiting price reaction for this filing.
Axial Capital Pvt. Ltd., acting as Manager to the Open Offer, has submitted a corrigendum to the Detailed Public Statement originally dated October 8, 2025. Mr. Gopal Bhatter and M/s Gopal Bhatter HUF (the Acquirers) are looking to buy up to 8,58,000 equity shares (representing 26% of the equity share capital) from public shareholders of Oscar Global Limited. The main change is a revised schedule of activities, with the tendering period now scheduled from January 2, 2026 to January 15, 2026, and final payment expected by January 30, 2026. Additional disclosures confirm the Acquirers have no pending SEBI penal actions, the Target Company's shares are not suspended from trading on BSE, and an escrow amount of Rs. 26,06,200 (25% of the total consideration) has been deposited with Kotak Mahindra Bank.
This is a procedural update extending the timeline of the ongoing open offer, giving public shareholders more time to evaluate and decide on tendering their shares. The core terms of the open offer remain unchanged, and investors should watch for the formal Letter of Offer expected by December 26, 2025.