Walking Tree Technologies to Acquire 26.02% Stake in Octaware Technologies for Rs. 30 per Share

Walking Tree Technologies Private Limited is planning to acquire up to 9,34,400 Equity Shares of Octaware Technologies Limited, representing 26.02% of the voting share capital, at a price of Rs. 30 per fully paid up Equity Share. This offer is being made pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is not conditional upon any minimum level of acceptance and is not a competing offer. The offer price is payable in cash. The offer is not subject to any statutory approvals, but if any become applicable, the offer would be subject to their receipt. The offer is not subject to any competing offer as of the date of this letter of offer.