Axial Capital Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Oscar Global Ltd ("Target Company").
Awaiting price reaction for this filing.
Axial Capital Pvt Ltd, as Manager to the Offer, has submitted the Letter of Offer to BSE for an Open Offer in Oscar Global Limited (Scrip Code 530173). Mr. Gopal Bhatter and Gopal Bhatter HUF (the Acquirers) are offering to buy up to 8,58,000 equity shares (26% of equity capital) from public shareholders at Rs. 12.15 per share, with a maximum total payout of about Rs. 1.04 crore. This Open Offer follows a Share Purchase Agreement dated September 30, 2025, under which the Acquirers will buy 14,46,703 shares (43.84%) from the existing promoters at Rs. 9 per share, resulting in a change of control of the company. The tendering period runs from January 2, 2026 to January 15, 2026, and the Acquirers intend to continue the existing business while exploring entry into accountancy and audit services. There is no competing offer and no minimum acceptance condition.
Public shareholders of Oscar Global can tender their shares at Rs. 12.15 between January 2 and January 15, 2026. The Offer is triggered by a change of control, so shareholders should weigh the offer price against current market price and the Acquirers' stated intention to shift focus toward accountancy and audit services.