Oscar Global Ltd: Open Offer for 3.63% Stake at ₹10 Per Share

Bonanza Portfolio Limited, acting as the Manager to the Offer, has submitted a Draft Letter of Offer to BSE for Oscar Global Ltd ('Target Company'). This pertains to an open offer by JBCG Advisory Services Private Limited ('Acquirer') along with persons acting in concert (PACs) to acquire up to 18,53,096 equity shares, representing 3.63% of the emerging equity share capital. The offer price is ₹10.00 per equity share, payable in cash. This is a mandatory offer triggered by a Share Purchase Agreement and Share Swap and Subscription Agreement, aimed at acquiring substantial shareholding and control over Oscar Global Ltd. The offer size is limited by the available public shareholding.