Fintellectual Corporate Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 3(1) and 4 read with Regulations ....
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Walking Tree Technologies Private Limited (the Acquirer) has announced an open offer to acquire up to 9,34,400 equity shares (26.02% of voting capital) of Octaware Technologies Limited from public shareholders at Rs. 25 per share. The floor price is Rs. 25.46 per share. Promoter sellers Mohammed Aslam Khan (54.73%) and Pradeep Lavania (19.98%) are exiting their stakes through this transaction. Post-acquisition, the Acquirer will hold 34.70% of Octaware. The tendering period is tentatively scheduled from October 27, 2025 to November 10, 2025. Octaware reported total income of Rs. 1,587.67 lakhs and a PAT of Rs. 28.19 lakhs in FY25 with an EPS of Rs. 0.9.
This is a significant change of control event for Octaware shareholders, who can tender their shares during the open offer window at the stated price. Promoters are largely exiting, signaling a potential shift in business direction under new management.