Finshore Management Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer to the public shareholders of Hypersoft Technologies Ltd ("Target Company").
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Mr. Narra Purna Babu (existing Promoter and Managing Director) has launched a mandatory open offer to acquire up to 42,25,442 equity shares (26% of expanded capital) of Hypersoft Technologies at Rs. 11 per share, aggregating to about Rs. 4.65 crore in cash. The offer is triggered under SEBI Takeover Regulations because Hypersoft allotted 1.20 crore new equity shares to the Acquirer and other allottees as consideration for acquiring NX Global Pte. Ltd. (Singapore) on a share-swap basis, making NX Global a wholly-owned subsidiary. NX Global's subsidiaries Mindgate Solutions Pte Ltd and Mindgate Solutions LLC will become step-down subsidiaries, expanding Hypersoft's IT and consulting footprint into the USA and Asia-Pacific. The tendering window runs from 20th October 2025 to 4th November 2025. Post-offer, the Acquirer's holding will rise to about 71.78% of expanded capital, with the company required to maintain the minimum 25% public shareholding for continued listing on BSE.
Public shareholders can tender their shares at Rs. 11 between 20 Oct and 4 Nov 2025; those holding shares from the recent preferential issue are locked-in and cannot tender. The underlying share-swap acquisition of NX Global is the main strategic event, and investors should weigh the offer price against the stock's market price and the long-term prospects of the expanded business.