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

Acquirers Mr. Gopal Bhatter and M/s Gopal Bhatter HUF have launched a mandatory open offer to acquire up to 8.58 lakh equity shares, representing 26% of Oscar Global Limited (OGL), at Rs. 12.15 per share. This offer, valued at Rs. 1.04 Cr, follows their prior agreement to purchase 14.47 lakh shares (43.84%) from OGL's existing promoters for Rs. 9 per share, triggering a change in management control. Post-offer, Acquirers will hold 69.84% of OGL. They plan to pursue business in accountancy and audit, with no immediate major changes or significant asset sales. OGL's independent directors will provide their assessment of the offer.