Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer for the attention to the Shareholders of Oxford Industries Ltd ("Target Company").
M&A
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MEDIUM RISK
📅 Filed on BSE: 01 Jun 2026, 03:39 PM IST · BSE ID: 56b3bbf6-c2d6-422f-a9ed-362da4e18121
View Original BSE Filing (PDF)
💡
In Simple Terms
An offer document has been issued for Saroj Kumar Choudhury to buy 26.00% of Oxford Industries shares at Rs. 5 each.
🤖 AI Summary
- Navigant Corporate Advisors submitted the Letter of Offer for Oxford Industries to SEBI and BSE.
- Mr. Saroj Kumar Choudhury is making an open offer to acquire up to 15,45,271 equity shares.
- The acquisition targets 26.00% of Oxford Industries' fully paid-up equity at Rs. 5 per share.
- The open offer period is from Friday, June 12, 2026, to Thursday, June 25, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity Shares to Acquire
15,45,271 Equity shares
Percentage of Equity
26.00%
Offer Price per Share
Rs. 5/-
🏢 How This Affects the Company
This open offer could lead to a change in the company's control, as it is being made pursuant to Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011 for substantial acquisition of shares/voting rights accompanied with change in control.
👥 What This Means For Shareholders
✅
Action Required
Shareholders wishing to tender their shares must submit the accompanying Form of Acceptance-cum-acknowledgement and Transfer Deed as per the procedure outlined in Para 8 of the Letter of Offer during the offer period.
👤
Who Is Affected
All shareholders of Oxford Industries Limited are affected, as they have the opportunity to tender up to 15,45,271 equity shares at Rs. 5 per share.
🔍
Management Signal
The issuance of the Letter of Offer indicates the formal progression of the substantial acquisition of shares process by Mr. Saroj Kumar Choudhury, aimed at gaining a 26.00% stake and control.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Tendering period commencement on Friday, June 12, 2026.
Tendering period closure on Thursday, June 25, 2026.
Any announcement of upward revision in the Offer Price before June 10, 2026.
MEDIUM RISK
The open offer involves a potential change in control and shareholding structure, introducing integration and strategic alignment risks.
💡 Investor Takeaway
The Letter of Offer for Mr. Saroj Kumar Choudhury's open offer to acquire up to 15,45,271 equity shares, representing 26.00% of Oxford Industries at Rs. 5 per share, has been submitted. The offer period runs from June 12, 2026, to June 25, 2026.
⚖️ Strengths & Concerns
✅ Positives
- The offer is not conditional on any minimum level of acceptance, as stated in Regulation 19(1) of SEBI (SAST) Regulations, 2011.
- As of the Letter of Offer date, no statutory approvals are required, streamlining the offer process.
⚠️ Concerns
- No competing offer or revision of offer price has been reported as of the date of the Letter of Offer.
- Shareholders who tender shares cannot withdraw their acceptance during the tendering period, according to the offer terms.
📅 Company Track Record
Previous filings indicated Mr. Saroj Kumar Choudhury formally offered Rs. 5 per share for 26.00% of Oxford Industries in a regulated open offer on March 30, 2026, following the launch of the open offer process on March 20, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the offer price per share for Oxford Industries in this open offer?
The offer price is Rs. 5/- (Rupees Five Only) per equity share of Oxford Industries Limited.
What percentage of Oxford Industries' shares is Mr. Saroj Kumar Choudhury looking to acquire?
Mr. Saroj Kumar Choudhury intends to acquire up to 15,45,271 equity shares, representing 26.00% of the fully paid-up equity and voting share capital.
When does the open offer for Oxford Industries shares begin and end?
The open offer for Oxford Industries opens on Friday, June 12, 2026, and closes on Thursday, June 25, 2026.
Is the open offer for Oxford Industries conditional on a minimum acceptance level?
No, the offer is not conditional upon any minimum level of acceptance by the shareholders of Oxford Industries Limited, as per Regulation 19(1) of the SEBI (SAST) Regulations, 2011.
Questions based on this BSE filing only. For information purposes.