NewsOscar Global Limited Promoters Divest Complete 31.30% Shareholding Through Off-Market TransactionOscar Global Limited Promoters Divest Complete 31.30% Shareholding Through Off-Market Transaction
Oscar Global Limited's promoter entities, Kanika Audio Visuals Private Limited and Akanksha Viniyog Ltd, have completed the divestment of their entire 31.30% shareholding through an off-market transaction and open offer. The transaction, governed by a Share Purchase Agreement dated 30/09/2025, was completed on 30/03/2026, resulting in the sale of 10,32,591 shares and reducing the promoters' stake to nil.
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Oscar Global Limited has witnessed a complete exit by its promoter entities, with Kanika Audio Visuals Private Limited and Akanksha Viniyog Ltd divesting their entire shareholding in the BSE-listed company. The transaction represents a significant ownership change, with the promoters reducing their stake from 31.30% to nil.
Transaction Details
The divestment was executed through an off-market transaction governed by a Share Purchase Agreement dated 30/09/2025, coupled with an open offer. The transaction was completed on 30/03/2026, marking the complete exit of both promoter entities from Oscar Global Limited.
| Parameter: | Details |
|---|---|
| Transaction Mode: | Off Market transaction and Open Offer |
| Agreement Date: | 30/09/2025 |
| Completion Date: | 30/03/2026 |
| Total Shares Sold: | 10,32,591 |
| Percentage Divested: | 31.30% |
Shareholding Structure Changes
Prior to the transaction, the two promoter entities held substantial positions in Oscar Global Limited. Kanika Audio Visuals Private Limited owned 2,06,091 shares representing 6.25% of the total share capital, while Akanksha Viniyog Ltd held a larger stake of 8,26,500 shares, constituting 25.05% of the company.
| Entity: | Shares Sold | Percentage |
|---|---|---|
| Kanika Audio Visuals Private Limited: | 2,06,091 | 6.25% |
| Akanksha Viniyog Ltd: | 8,26,500 | 25.05% |
| Total: | 10,32,591 | 31.30% |
Following the completion of the transaction, both promoter entities' shareholding in Oscar Global Limited stands at nil, indicating a complete divestment of their holdings.
Company Structure
Oscar Global Limited maintains its equity share capital structure unchanged at 33,00,000 equity shares of Rs. 10/- each both before and after the transaction. The company's shares are listed on BSE Ltd., and the total diluted share capital remains at 33,00,000 equity shares post-transaction.
The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the documentation signed by Mr. Karan Kanika Verma on behalf of the selling entities on 31/03/2026 from Noida.
Who are the new shareholders that acquired the 31.30% stake, and what are their strategic intentions for Oscar Global Limited?
How will the complete promoter exit impact Oscar Global's corporate governance structure and board composition going forward?
What factors might have motivated the promoters to completely divest their holdings after maintaining a significant 31.30% stake?
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