Description
Schedule of activities for the offer to buy up to 9,34,400 equity shares of Octaware Technologies Ltd at Rs. 30 per share, scheduled from November 28, 2025 to December 11, 2025.
Summary
BSE has announced the schedule for an Offer to Buy – Acquisition Window (Takeover) for OCTAWARE TECHNOLOGIES LTD. The offer is for up to 9,34,400 equity shares at Rs. 30 per share and will be conducted through the iBBS platform from November 28, 2025 to December 11, 2025. Trading members and custodian members can participate in bidding during specified session timings.
Key Points
- Security: Octaware Technologies Ltd (Symbol: OCTAWARE, ISIN: INE208U01019, Scrip Code: 540416)
- Offer Size: Up to 9,34,400 equity shares
- Offer Price: Rs. 30 per share
- Face Value: Rs. 10.00
- Market Lot: 1
- Opening Date: Friday, November 28, 2025
- Closing Date: Thursday, December 11, 2025
- Bidding available for multiple investor categories: FII, FI, MF, IC, Other QIBs, Company, and Individual
- Trading members can only bid for investors having shares in demat form
- UCC registration must be updated with correct PAN and category
Regulatory Changes
No regulatory changes introduced. This circular provides operational instructions for participation in the OTB process as per existing framework established in Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).
Compliance Requirements
- Trading Members: Must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
- Bidding Eligibility: Members can only bid for investors holding shares in demat form
- Platform Access: Members must use iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/)
- RTRMS Access: Available at https://rtrms.bseindia.com/ (Internet) or https://rtrmsll.bseindia.com/ (Leased Line)
- File Access: Extranet files for bid acceptance available at https://member.bseindia.com/ (Internet) or https://memberll.bseindia.com/ (Leased Line) after confirmation from Merchant Banker/RTA
Important Dates
- Bid Offering Period: November 28, 2025 to December 11, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up Period: November 28, 2025 to December 10, 2025 (9:15 AM to 3:30 PM)
- Give-up (Last Day): December 11, 2025 (9:15 AM to 3:30 PM)
- Take-up (Last Day): December 11, 2025 (9:15 AM to 4:00 PM)
- Notice Date: November 27, 2025
Impact Assessment
Market Impact: Low - This is a company-specific takeover offer affecting only Octaware Technologies Ltd shareholders. The offer size of 9,34,400 shares represents a limited transaction volume.
Operational Impact: Medium for participating members - Trading members and custodians need to ensure their systems and UCC registrations are updated to facilitate bidding. Multiple platforms (iBBS, RTRMS, Extranet) need to be accessible.
Investor Categories Affected: Foreign Institutional Investors (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs, Companies, and Individual investors holding Octaware Technologies shares in demat form.
Contact Support: BSE has provided comprehensive contact details for technical support related to iBBS login issues, password resets, and OTB module queries through Trading Operations and Listing Sales teams.
Impact Justification
Company-specific takeover offer with limited market-wide impact. Relevant only to Octaware Technologies shareholders and participating trading members.