Oscar Global Ltd — Important, 01-01-1970: Company Update

Mr. Gopal Bhatter and M/s Gopal Bhatter HUF have launched an open offer to acquire up to 8.58 lakh equity shares, representing 26% of Oscar Global Limited’s share capital, at a price of Rs. 12.15 per share, payable in cash. This mandatory offer follows their direct acquisition of 14.47 lakh shares, amounting to 43.84% of the company's capital, from existing promoters at a negotiated price of Rs. 9 per share, thereby gaining control. The acquirers aim for substantial shareholding and management control, intending to explore business in accountancy and audit without immediate plans for major changes to existing operations or significant asset sales. The maximum consideration for this offer is Rs. 1.04 Cr. Financial arrangements, including an escrow deposit of Rs. 0.26 Cr, are in place.