The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kanika Audio Visuals Pvt Ltd & Other
Awaiting price reaction for this filing.
The promoter group of Oscar Global Ltd, comprising Kanika Audio Visuals Pvt Ltd and Akanksha Viniyog Ltd, has completely sold their combined holding of 10,32,591 shares representing 31.30% of the company's total share capital. Before the transaction, Kanika Audio Visuals held 6.25% (2,06,091 shares) and Akanksha Viniyog held 25.05% (8,26,500 shares). Post-disposal, both entities hold NIL shares in the company. The transaction was executed via an off-market deal under a Share Purchase Agreement dated 30/09/2025 and an Open Offer, completed on 30/03/2026. The total equity capital of Oscar Global Ltd stands at 33,00,000 shares of Rs. 10 each.
This represents a complete exit by the promoter group, reducing their holding from 31.30% to zero. Such a full-scale promoter divestment typically signals lack of confidence or strategic shift, and may create uncertainty for retail investors regarding the company's future ownership and management stability.