BSE Grants In-Principle Approval for Oasis Securities Ltd Rights Issue
Oasis Securities Limited has received in-principle approval from the Bombay Stock Exchange (BSE) regarding its proposed Rights Issue of fully paid-up equity shares. This permission allows the company to use the name of BSE Limited in its official Letter of Offer for the rights issue.The approval, granted by BSE Limited on June 09, 2026, permits Oasis Securities Ltd to proceed with the listing of the proposed security. The Exchange scrutinised the offer for limited internal purposes before granting this permission.
In relation to the use of the Exchange’s name in the Letter of Offer and related advertisements, BSE has issued specific guidelines. It is explicitly stated that the permission given by BSE should not be construed as clearance or approval of the letter of offer, nor does it certify the correctness or completeness of any of the contents thereof.
The permission granted by the Exchange requires Oasis Securities Limited to comply with several post-issue requirements and statutory formalities, including securing agreements with depositories for dematerialization of securities. The company must also ensure that the Basis of Allotment for its Rights securities is approved by the Designated Stock Exchange, even in the case of under-subscription.
Stock Price Movement
Oasis Securities Ltd settled at ₹13.80 after trading down by 4.83% in post-market activity on Tuesday. The shares experienced significant intraday volatility, moving between a low of ₹13.78 and a high of ₹14.77.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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