The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Walking Tree Technologies Pvt Ltd
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Walking Tree Technologies Pvt Ltd, a non-promoter entity, acquired 4,00,000 equity shares (11.14%) of Octaware Technologies Ltd through open market purchase on 05 August 2025. Prior to this acquisition, the acquirer held NIL shares in the company. After the transaction, its total holding stands at 11.14% of the paid-up equity share capital (Rs. 3.59 crore, comprising 35,90,570 shares of Rs. 10 each). The disclosure was filed under Regulation 29(1) of the SEBI Takeover Regulations, triggered by the acquirer crossing the 10% disclosure threshold.
A new non-promoter shareholder now holds over 11% of Octaware Technologies, which could increase boardroom attention and may signal strategic interest, but does not trigger an open offer at this level. Shareholders should watch for further disclosures if the holding approaches the 25% open-market creeping threshold.