Corporate News
Oscar Global Limited has announced a proposed preferential allotment of 47,716,400 equity shares, with a face value of Rs 10 per share, to raise Rs 47.72 crore. The allotment includes 34,510,000 shares to JBCG in exchange for Calculus Travel Ventures Private Limited (CTVPL) shares, and 13,206,400 shares to other allottees for cash. Registered Valuer Harshavardhan Bapat determined the share swap and issue price, and the shares will be subject to a lock-in period. The move, approved by the board on September 23, 2026, requires shareholder approval at an upcoming Extraordinary General Meeting and is contingent on an increase in the company’s authorized share capital from Rs 4 crore to Rs 60 crore. The issuance complies with SEBI ICDR Regulations and will result in Rs 13.21 crore in cash proceeds for Oscar Global.