Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Recommendation of the Committee of Independent Director (IDC) om the open offer to the Shareholders ....
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Oxford Industries Ltd has filed the recommendation of its Committee of Independent Directors (IDC) on the open offer made by Saroj Kumar Choudhury (the Acquirer). The open offer is to acquire up to 15,45,271 equity shares at Rs. 5 per share, representing 26% of the company's voting share capital. Navigant Corporate Advisors Ltd is acting as the Manager to the Offer. The IDC advertisement was published on 10 June 2026 in Financial Express, Jansatta, and Pratahkaal newspapers, as required under SEBI SAST Regulations, 2011.
Existing shareholders should review the IDC's recommendation to decide whether to tender their shares in this open offer at Rs. 5 per share. The offer price is a key reference point, and a significant change in ownership could follow depending on shareholder response.