Fintellectual Corporate Advisors Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Letter of Offer Dispatch Confirmation Advertisement dated November 22, 2025 for the ....
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Awaiting price reaction for this filing.
Fintellectual Corporate Advisors, the Manager to the Open Offer, has filed with BSE the newspaper advertisement confirming dispatch of the Letter of Offer dated November 22, 2025. The offer is by Walking Tree Technologies Pvt Ltd (the Acquirer) to buy up to 9,34,400 equity shares from public shareholders of Octaware Technologies Ltd, under SEBI's Takeover Regulations, 2011. The dispatch confirmation ad was published on November 24, 2025 in Financial Express (English), Pratahkal (Hindi), and regional editions including Marathi. Octaware trades on BSE under scrip code 540416.
This is a procedural confirmation that the open offer window has formally opened for eligible public shareholders, who can now tender their shares at the offer price during the tendering period. Until the final offer price, size of the triggering acquisition, and response timeline are disclosed, there is no direct price catalyst – but it signals an impending change in control or significant stake acquisition by Walking Tree Technologies.