Navigant Corporate Advisors Appointed as Manager for Oxford Industries Ltd Acquisition of up to 15,45,271 Equity Shares

Navigant Corporate Advisors Ltd has submitted to BSE a copy of Detailed Public Statement for the attention of the Equity Shareholders of Oxford Industries Ltd. The company has been appointed as ‘Manager to the Offer’ by Mr. Saroj Kumar Choudhury for acquiring up to 15,45,271 equity shares of Rs. 10/- each of Oxford Industries Limited at a price of Rs. 5/- per Share fully paid-up Equity Share. The Offer is in accordance with the Regulation 3(1) and 4 of the Takeover Regulations and is not conditional upon any minimum level of acceptance or any global acquisition resulting in an indirect acquisition of equity shares of the Target Company. The Offer will not result in the minimum public shareholding to fall below 25% of Equity & Voting Capital of the Target Company.