BSECompany Update1d ago · 23 Sept 2026, 07:48 pm

Bonanza Portfolio Limited ("Manager to the Offer") has submitted to BSE a copy of Public Announcement ('PA') under Regulations 3(1), 4 read with Regulation 13, Regulation 14 and Regulation 15(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers Regulations, 2011) Regulations, 2011 and subsequent amendments thereto for the attention of the Public Shareholders of Oscar Global Ltd ("Target Company").

Oscar Global Ltd · 530173

✦ AI SummaryFundraise

Oscar Global Ltd has received a public announcement for an open offer by JBCG Advisory Services Private Limited and its associates to acquire up to 18,36,696 equity shares, representing 3.60% of the emerging equity and voting share capital, at ₹10.00 per share.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Oscar Global Ltd - 530173 - Open Offer - Public Announcement

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Public Announcement (‘PA’) under Regulations 3(1), 4 read with Regulation 13, Regulation 14 and Regulation 15(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers Regulations, 2011) Regulations, 2011 and subsequent amendments thereto FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF OSCAR GLOBAL LIMITED Open Offer for acquisition of up to 18,36,696 (Eighteen Lakh Thirty-Six Thousand Six Hundred Ninety-Six) fully paid-up Equity Shares having face value of ₹ 10.00/- (Rupees Ten Only) each (‘Offer Shares’) representing *3.60% of the Emerging Equity and Voting Share Capital of Oscar Global Limited. (‘Target Company’ or ‘OGL’) at an offer price of ₹ 10.00/- (Rupees Ten Only) per Equity Share, by JBCG Advisory Services Private Limited (‘Acquirer’) along with Mr. Jaspal Singh Bindra (“PAC 1”) and Mr. Chandir Gobind Gidwani (“PAC 2”) in their capacity as persons acting in concert with the Acquirer, hereinafter collectively referred to as (“Acquirer and PACs”), pursuant to and in compliance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (‘SEBI (SAST) Regulations, 2011’) (‘Offer’ or ‘Open Offer’). *As per Regulation 7(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (‘SEBI SAST Regulations’), the Open Offer size shall be for at least 26.00% of the Emerging Equity and Voting Share Capital of the Target Company as of the 10th working day from the closure of the tendering period. However, the eligible public shareholding of the Target Company represents only 3.60% of the Emerging Equity and Voting Share Capital, comprising 18,36,696 (Eighteen Lakh Thirty-Six Thousand Six Hundred Ninety-Six) Equity Shares held by existing Public Shareholders. The remaining Public Shareholders, specifically the Preferential Allottees holding 1,32,06,400 (One Crore Thirty Two Lakh Six Thousand Four Hundred) Equity Shares issued for cash representing 25.89% of the Emerging Equity and Voting Share Capital of the Target Company, are ineligible to participate in the Open Offer, in accordance with Regulation 7(6) of SEBI (SAST) Regulations, 2011, as they are parties to the proposed Preferential Issue triggering this offer. This public announcement (‘Public Announcement’ / ‘PA’) is being issued by Bonanza Portfolio Limited (‘BPL/ the ‘Manager to the Offer’), for and on behalf of the Acquirer and PACs, to the public shareholders of the Target Company, pursuant to and in compliance with, amongst others, the provisions of Regulation 3(1) and Regulation 4, read with Regulations 13, 14, and 15(1) and other applicable regulations of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (hereinafter referred to as ‘SEBI (SAST) Regulations, 2011’). For the purpose of this Public Announcement, the following terms shall have the meanings assigned to them below: a) ‘Acquirer’ refers to JBCG Advisory Services Private Limited, a private limited company incorporated under the provisions of the Companies Act, 2013 having Corporate Identification Number (CIN) U74110MH2016PTC287730 with its registered Office Address at A-302, 36 Turner Road Building, Opposite Tava Restaurant, Turner Road, Bandra West, Mumbai – 400050, Maharashtra, India.; b) ‘Board of Directors’ means Board of Directors of the Target Company; c) ‘BSE’ means abbreviation for BSE Limited being the only stock exchange on which the Equity Shares of the Target Company are listed; d) ‘CIN’ is the abbreviation for the term Corporate Identification Number issued under the provisions of the Companies Act, 1956/2013 and the rules made thereunder; e) ‘Equity Shares’ shall mean 33,00,000 (Thirty-Three Lakh) Equity Shares having a face value of ₹10.00 (Rupees Ten only) each, constituting the entire issued, subscribed and paid-up Equity Share Capital of the Target Company as on the date of this Public Announcement, comprising of: (i) 32,83,600 (Thirty-Two Lakh Eighty-Three Thousand Six Hundred) fully paid-up Equity Shares having face value of ₹10.00 (Rupees Ten Only) each (‘Fully Paid-up Equity Shares’); and (ii) 16,400 (Sixteen Thousand Four Hundred) partly paid-up Equity Shares having face value of ₹10.00 (Rupees Ten Only) each, paid-up to the extent of ₹5.00 (Rupees Five only) per Share (‘Partly Paid-up Equity Shares’); f) ‘Existing Equity and Voting Share Capital’ ₹3,30,00,000 (Rupees Three Crore Thirty Lakh Only) Equity Share Capital of the Target Company divided into 33,00,000 (Thirty-Three Lakh) Equity Shares having face value of ₹10.00 (Rupees Ten Only) each, comprising 32,83,600 (Thirty-Two Lakh Eighty-Three Thousand Six Hundred) fully paid-up Equity Shares and 16,400 (Sixteen Thousand Four Hundred) partly paid-up Equity Shares having a face value of ₹10.00 (Rupees Ten only) paid-up to the extent of ₹5.00 (Rupees Five Only) per share aggregating to ₹3,29,18,000 (Rupees Three Crore Twenty-Nine Lakh Eighteen Thousand Only); Page 1 of 8 g) ‘Emerging Equity and Voting Share Capital’ means ₹51,00,00,000 (Rupees Fifty One Crore Only) Equity Share Capital of the Target Company divided into 5,10,00,000 (Five Crore Ten Lakh) Equity Shares having face value of ₹10.00 (Rupees Ten Only) each pursuant to the Proposed Preferential allotment of 4,77,16,400 (Four Crore Seventy-Seven Lakh Sixteen Thousand Four Hundred) Equity Shares of ₹10.00 (Rupees Ten Only) out of which 3,45,10,000 (Three Crore Forty-Five Lakh Ten Thousand) Equity Shares of ₹10.00 (Rupees Ten Only) each in lieu of share swap and 1,32,06,400 (One Crore Thirty Two Lakh Six Thousand Four Hundred) Equity Shares of ₹10.00 (Rupees Ten Only) on a preferential basis for cash, as approved by the Board of Directors of the Target Company on Wednesday, September 23, 2026; h) ‘Existing Promoters’ shall mean all the Existing Promoters of the Target Company namely Mr. Gopal Bhatter, and Gopal Bhatter HUF who have been classified and disclosed as Promoters in the shareholding pattern filed by the Target Company with BSE for the quarter ended June 30, 2026 under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, immediately prior to the date of this Public Announcement; i) ‘Identified Date’ means the date falling on the 10th Working Day prior to the commencement of the Tendering Period for the Offer, for the purposes of determining the eligible Public Shareholders to whom the Letter of Offer shall be sent. It is clarified that all the Public Shareholders (registered or unregistered) who own Equity Shares are eligible to participate in this Offer at any time before expiry of the Tendering Period, except the proposed Preferential Allottees holding 1,32,06,400 (One Crore Thirty Two Lakh Six Thousand Four Hundred) Equity Shares of ₹10.00 (Rupees Ten Only) issued on a preferential basis for cash, as they are parties to the proposed Preferential Issue triggering this Offer; j) ‘Issuance of Equity Shares for Consideration Other than Cash’ shall mean the proposed allotment of 3,45,10,000 (Three Crore Forty-Five Lakh Ten Thousand) Equity Shares of face value of ₹10/- (Rupees Ten Only) each by the Target Company at an issue price of ₹10.00 (Rupees Ten Only) per share, to the Acquirer as a discharge of consideration for the acquisition of 3,45,10,000 (Three Crore Forty-Five Lakh Ten Thousand) Equity shares of Calculus Travel Ventures Private Limited (‘CTVPL’) by way of a share swap transaction in which the equity share swap ratio is 1:1, pursuant to which 1 (One) equity share of the Target Company shall be allotted to the Acquirer against transfer of 1 (One) equity share held by the Acquirer of CTVPL, where the Equity Shares of CTVPL are exchanged for Equity ownership in the Target Company pursuant to the terms of the Share Swap and Subscription Agreement dated Wednesday, September 23, 2026; k) ‘PAN’ is the abbreviation for Perm [Showing first 8,000 characters — download PDF for full document]