Open Offer by JBCG Advisory for 3.63% of Oscar Global at Rs 10/share

JBCG Advisory Services (Centrum Group) along with PACs Mr. Chandir Gidwani and Mr. Jaspal Bindra has triggered a mandatory open offer for up to 18,53,096 shares (3.63% of Emerging Equity Capital) of Oscar Global Ltd at Rs 10 per share, totalling Rs 1.85 crore. The offer follows a Share Purchase Agreement where JBCG will buy 14,46,904 shares (43.85% of existing capital) from promoters Gopal Bhatter and HUF for Rs 1.44 crore, and a Share Swap deal where Oscar Global will acquire Calculus Travel Ventures via issuing 3,45,10,000 shares plus a cash preferential issue of 1,32,06,400 shares. Post-transaction JBCG will hold 70.48% and gain control. Oscar Global is currently dormant on BSE and under Stage IV GSM.