The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Walking Treee Technologies Pvt Ltd & PACs
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Walking Tree Technologies Pvt Ltd, along with PACs Pradeep Lavania and Alok Ranjan, acquired 12,48,000 equity shares (34.76%) of Octaware Technologies Ltd on January 6, 2026, via a Share Purchase Agreement dated August 12, 2025, done off-market with existing promoter Mohammed Aslam Qudratullah Khan. Before this deal, Walking Tree and its PACs held 4,12,700 shares (11.49%); after the acquisition, their combined holding rises to 16,60,700 shares (46.25%) of the company. The acquirer and its ultimate beneficial owners will be reclassified as promoters of Octaware alongside the existing promoters once the open offer is completed. The company's total equity capital remains unchanged at 35,90,570 shares of Rs. 10 each.
This is a significant change-of-control event — a new promoter group is taking over 46.25% of the company via off-market deal, which will likely trigger an open offer for additional shares from public shareholders. Shareholders should expect changes in board composition, business direction, and increased takeover-related activity in the near term.