Oseaspre Consultants: Open Offer for 26% Stake at ₹48/Share

Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has submitted a Draft Letter of Offer to SEBI for an open offer to the equity shareholders of Oseaspre Consultants Ltd (OCL). The offer is made by Mr. Nimesh Sahadeo Singh to acquire up to 1,82,000 equity shares, representing 26.00% of the emerging equity and voting share capital of OCL. The acquisition price is set at ₹48 per share. This open offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for substantial acquisition of shares/voting rights accompanied by a change in control. The offer is not conditional on any minimum acceptance level and no statutory approvals are currently required, except as detailed in the draft letter. The offer is not a competing offer, and there have been no revisions to the offer price as of the filing date.