Oseaspre Consultants Receives Open Offer for 26% Stake
Oseaspre Consultants Open Offer at Rs 48: Nimesh Sahadeo Singh to Acquire 26%
Oseaspre Consultants Limited has received an open offer from Nimesh Sahadeo Singh to acquire up to 1,82,000 fully paid-up equity shares, representing 26.00% of the emerging equity and voting share capital of the company.
The offer price has been fixed at Rs 48 per equity share. Assuming full acceptance, the total consideration payable by the Acquirer will be Rs 87.36 lakh. The consideration will be paid entirely in cash.
Oseaspre Consultants Open Offer Trigger
The open offer has been triggered following two proposed transactions involving Nimesh Sahadeo Singh.
First, the company's Board approved a preferential allotment of 5,00,000 equity shares on September 18, 2026, subject to approval from members and other regulatory approvals. Of these, 3,25,000 shares are proposed to be allotted to the Acquirer and 1,75,000 shares to public category investors at an issue price of Rs 48 per share.
The proposed preferential issue is scheduled to be placed before shareholders at an Extra Ordinary General Meeting (EOGM) on October 30, 2026.
Second, the Acquirer has entered into a Share Purchase Agreement (SPA) dated September 18, 2026 to acquire 1,47,043 equity shares from the existing promoter and promoter group. The shares represent 21.01% of the emerging equity and voting share capital and are proposed to be acquired at Rs 48 per share for a total consideration of Rs 70.58 lakh.
Oseaspre Consultants Shareholding Impact
Following the underlying transactions, Nimesh Sahadeo Singh is proposed to hold 4,72,043 equity shares, representing 67.43% of the emerging equity and voting share capital of Oseaspre Consultants.
He is also proposed to be classified as a promoter of the company, subject to applicable regulatory requirements and approvals.
The existing promoter and promoter group shareholders—Jehangir Nusli Wadia, Nowrosjee Wadia and Sons Limited, Tristar Charitable Foundation, Varnilam Investments and Trading Company Limited, and MSIL Investments Private Limited—are proposed to transfer their entire combined holding of 1,47,043 shares, representing 21.01% of the emerging equity and voting share capital.
Oseaspre Consultants Open Offer Highlights
| Company | Oseaspre Consultants Limited |
| Acquirer | Nimesh Sahadeo Singh |
| Offer Size | Up to 1,82,000 equity shares |
| Offer Size as % of Emerging Equity and Voting Share Capital | 26.00% |
| Offer Price | Rs 48 per equity share |
| Total Offer Consideration | Rs 87.36 lakh, assuming full acceptance |
| Mode of Payment | Cash |
| Preferential Issue | 5,00,000 equity shares, subject to shareholder and regulatory approvals |
| Shares Proposed to Acquirer under Preferential Issue | 3,25,000 equity shares |
| Shares Proposed to Public Investors | 1,75,000 equity shares |
| Shares Proposed to be Acquired under SPA | 1,47,043 equity shares |
| Proposed Post-Transaction Holding of Acquirer | 4,72,043 shares, or 67.43% |
| EOGM Date | October 30, 2026 |
| Open Offer Type | Triggered offer under the SEBI (SAST) Regulations, 2011 |
What to Watch Next
- The proposed preferential allotment is subject to shareholder approval at the EOGM scheduled for October 30, 2026, along with other applicable regulatory approvals.
- The Detailed Public Statement containing further details of the open offer is expected to be published on or before September 25, 2026.
- Investors may track subsequent regulatory filings for updates on the open offer, preferential issue and proposed change in promoter classification.
Disclaimer
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