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Acquisitions23 Sept 2026, 03:45 pm

Oscar Global Approves Calculus Travel Acquisition & ₹13.2 Cr Fundraise

AI Summary

Oscar Global Limited's Board of Directors approved the 100% acquisition of Calculus Travel Ventures Private Limited via a share swap, involving the issuance of 3,45,10,000 equity shares. Additionally, the company approved a preferential issue of up to 1,32,06,400 equity shares for cash consideration, aiming to raise ₹13.20 crore. The total preferential allotment will be 4,77,16,400 equity shares. An Extraordinary General Meeting (EGM) has been convened for October 20, 2026, to seek shareholder approval for these transactions. The acquisition diversifies Oscar Global into the travel technology and services sector.

Key Highlights

  • Board approves 100% acquisition of Calculus Travel Ventures via share swap.
  • Company to raise ₹13.20 crore via preferential issue for cash.
  • Total preferential allotment comprises 4,77,16,400 equity shares.
  • EGM scheduled for October 20, 2026, for shareholder approval.
  • Acquisition aims to diversify into high-growth travel technology sector.