BSECompany Update5d ago · 29 Sept 2026, 05:37 pm
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Equity Shareholders of Oseaspre Consultants Ltd ("Target Company").
Oseaspre Consultants Ltd · 509782
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Oseaspre Consultants Ltd has received a draft letter of offer from Navigant Corporate Advisors Ltd for the acquisition of up to 1,82,000 equity shares, representing 26% of the company's emerging equity and voting share capital, at a price of Rs. 48 per share.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment4/10
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Oseaspre Consultants Ltd - 509782 - Draft Letter of Offer
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AA 4
Navigant
NAVIGANT CORPORATE ADVISORS LIMITED
Regd. Office: 804, Meadows, Sahar Plaza Complex,J B Nagar, Andheri-Kurla Road,
Andheri (East) Mumbai-400 059; Tel: +91-22- 4120 4837 / +91 22 4973 5078
Email: navigant@navigantcorp.com; Website:www.navigantcorp.com (CIN: L67190MH2012PLC231304)
Date: 29.09.2026
The Manager
Dept. of Corporate Services
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai - 400 001
Sub: Submission of Draft Letter of Offer - Oseaspre Consultants Limited (BSE Code: 509782)
Dear Sir / Madam,
With reference to the captioned Offer, we wish to inform you that the Draft Letter of Offer is being
submitted to SEBI, Mumbai. We are enclosing herewith a copy of the said Draft Letter of Offer for your
kind perusal. A copy of the same is also being submitted to Target Company.
Thanks & Regards,
For Navigant Corporate Advisors Limited
Sarthak Vijlani
Managing Director
DRAFT LETTER OF OFFER
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
This Draft Letter of Offer is sent to you as a Shareholder(s) of OSEASPRE CONSULTANTS LIMITED. If you require any
clarifications about the action to be taken, you may consult your stockbroker or investment consultant or Manager or
Registrar to the Offer. In case you have recently sold your Shares in the Company, please hand over this Draft Letter
of Offer and the accompanying Form of Acceptance-cum-acknowledgement and Transfer Deed to the Member of the
Stock Exchange through whom the said sale was effected.
OPEN OFFER ("OFFER")
Pursuant to Regulations 3(1) and 4 and applicable provisions of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 and amendments thereto.
TO THE SHAREHOLDERS OF
OSEASPRE CONSULTANTS LIMITED
(Hereinafter referred as “OCL” or “the Target Company” or “TC” or “the Company”)
having the Registered Office at Neville House, Ballard Estate J N Heridia Marg, Mumbai City, Mumbai - 400001,
Maharashtra, India;
Phone No.: +91-22-66620000; Email id: oseaspre@gmail.com; Website: www.oseaspre.com
Mr. Nimesh Sahadeo Singh S/o Mr. Sahadeo Roopnarayan Singh, a 49 years old Indian Resident residing at Flat No.
5404, B Wing, Alpine Tower, Samta Nagar, Opp. Thakur College, Thakur Village, Kandivali (East), Mumbai 400101, Tel.
No. +91-9930911944; Email: nimeshsingh77@gmail.com (hereinafter referred to as “the Acquirer”)
TO ACQUIRE
Up to 1,82,000 Equity shares of Rs. 10/- each representing 26.00% of the Emerging Equity and Voting Share Capital of
the Target Company at a price of Rs. 48/- (Rupees Forty-Eight Only) per share.
Please Note
1. This Offer is being made pursuant to the Regulation 3(1) and Regulation 4 of the SEBI (SAST) Regulations, 2011
and subsequent amendments thereof for substantial acquisition of shares / voting rights accompanied with
change in control.
2. This Offer is not conditional upon any minimum level of acceptance by the shareholders of the Target Company.
3. As on date of this Draft Letter of Offer, no statutory approvals are required in relation to this Offer except as
detailed in para 7.7.1 of this Draft Letter of Offer.
4. This offer is not a competing offer.
5. There has been no competing offer or revision of Offer Price as on date of this Draft Letter of Offer. If there
is a competitive offer, then the Offer under all subsisting bids shall open and close on the same date.
6. Shareholders who have tendered shares in acceptance of the Open Offer by tendering the requisite documents, in
terms of the Public Announcement / Detailed Public Statement/Letter of Offer, shall not be entitled to withdraw
such acceptance during the tendering period.
7. The Procedure for acceptance is set out in Para 8 of this DLOF. A Form of Acceptance is enclosed with this DLOF.
8. If there is any upward revision in the Offer Price by the Acquirer at any time prior to commencement of the last
one working day before the commencement of the tendering period viz. [.] you will be informed by way of
another Announcement in the same newspapers in which the detailed Public Statement pursuant to Public
Announcement was published. The Acquirer shall pay such revised price for all shares validly tendered any time
during the Offer and accepted under the Offer.
9. The Acquirer shall complete the acquisitions contracted under share purchase agreement attracting the
obligation to make an open offer not later than twenty-six weeks from the expiry of the offer period Provided
that in the event of any extraordinary and supervening circumstances rendering it impossible to complete such
acquisition within such period, the Board may for reasons to be published, may grant an extension of time by
such period as it may deem fit in the interests of investors in securities and the securities market.
10. A copy of the Public Announcement, Detailed Public Statement and the Draft Letter of Offer (including Form of
Acceptance-cum-Acknowledgement) would also be available on SEBI’s Website: www.sebi.gov.in.
11. All correspondence relating to this offer, if any, should be addressed to the Manager to Offer or Registrar to the
Offer at the address mentioned below:
MANAGER TO THE OFFER REGISTRAR TO THE OFFER
NAVIGANT CORPORATE ADVISORS LIMITED KFIN TECHNOLOGIES LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar, Selenium Tower B, Plot 31 32,
Andheri Kurla Road, Andheri East, Mumbai -400059 Gachibowli Financial District, Nanakramguda,
Tel No. +91-22-4120 4837 / 4973 5078 Serilingampally, Hyderabad - 500032, Telangana
Email Id- navigant@navigantcorp.com Tel No.: +91-40-67162222/18003094001
Investor Grievance Email: info@navigantcorp.com E-mail Id: oseaspre.openoffer@kfintech.com
Website: www.navigantcorp.com Website: www.kfintech.com
SEBI Registration Number: INM000012243 SEBI Registration No.: INR000000221
Contact Person: Mr. Sarthak Vijlani Contact Person: Williams R
OFFER OPENS ON: MONDAY, 09TH NOVEMBER, 2026 OFFER CLOSES ON: MONDAY, 23RD NOVEMBER, 2026
SCHEDULE OF THE MAJOR ACTIVITIES OF THE OFFER
Activity Date Day
Public Announcement 18.09.2026 Friday
Publication of Detailed Public Statement in newspapers 22.09.2026 Tuesday
Submission of Detailed Public Statement to BSE, Target Company & SEBI 22.09.2026 Tuesday
Last date of filing draft letter of offer with SEBI 29.09.2026 Tuesday
Last date for a Competing offer 14.10.2026 Wednesday
Receipt of comments from SEBI on draft letter of offer 22.10.2026 Thursday
Identified date* 26.10.2026 Monday
Date by which letter of offer be dispatched to the shareholders 02.11.2026 Monday
Last date for revising the Offer Price 05.11.2026 Thursday
Comments from Committee of Independent Directors of Target Company 05.11.2026 Thursday
Advertisement of Schedule of activities for open offer, status of 06.11.2026 Friday
statutory and other approvals in newspapers and sending to SEBI, Stock
Exchange and Target Company
Date of Opening of the Offer 09.11.2026 Monday
Date of Closure of the Offer 23.11.2026 Monday
Post Offer Advertisement 01.12.2026 Tuesday
Payment of consideration for the acquired shares 08.12.2026 Tuesday
Final report from Merchant Banker 15.12.2026 Tuesday
*Identified Date is only for the purpose of determining the names of the shareholders as on such date to whom
the Letter of Offer would be sent. All owners (registered or unregistered) of equity shares of the Target
Company (except the Acquirer, Sellers, Promoter and Promoter Group of Target Company) are eligible to
participate in the Offer any time before the closure of the Offer.
RISK FACTORS
A. RELATING TO THE OFFER
The risk factors set forth below pertain to the Offer and are not in relation to the present or future business
operations of the Target Company or other related matters, and are neither exhaustive nor intended to
constitute a complete analysis of the risks involved in participation or otherwise by a shareholder in the
Offer.
1) The Offer involves an offer to acquire up to 26.00% of the Emerging Equity and Voting Share Capital of
OCL from the Eligible Persons for t
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