Hypersoft Technologies Open Offer: Narra Purna Babu Seeks 26% Stake at Rs 11 Per Share

1 min read Updated on 10 Oct 2025, 05:13 PM

Reviewed by

Riya DeyScanX News Team

Overview

Narra Purna Babu has initiated an open offer to acquire up to 26% (42,25,442 shares) of Hypersoft Technologies Limited's expanded capital at Rs 11.00 per share, totaling Rs 4.65 crore. The offer, running from October 20 to November 4, 2025, follows a preferential allotment of 1.2 crore shares related to Hypersoft's acquisition of NX Global Pte Ltd. If fully subscribed, the acquirer's stake could increase from 58.22% to 71.78%. Finshore Management Services Limited is managing the offer, with CIL Securities Limited as the registrar.

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Hypersoft Technologies Limited is set to undergo a significant ownership change as Narra Purna Babu launches an open offer to acquire up to 26% of the company's expanded capital. This move comes on the heels of a preferential allotment that has reshaped the company's shareholding structure.

Open Offer Details

The open offer, triggered by a preferential allotment, aims to acquire up to 42,25,442 equity shares, representing 26% of Hypersoft's expanded capital. Key points of the offer include:

Offer Price: Rs 11.00 per share
Total Consideration: Rs 4.65 crore
Offer Period: October 20 to November 4, 2025
Offer Type: Unconditional

Background of the Transaction

The open offer was necessitated following a preferential allotment of 1.2 crore equity shares by Hypersoft Technologies. This allotment was part of the company's acquisition of NX Global Pte Ltd through a share swap arrangement.

Impact on Shareholding

Particulars	Pre-Offer Holding	Post-Offer Holding (Assuming Full Acceptance)
Acquirer's Stake	58.22%	71.78%

Management of the Offer

Offer Manager: Finshore Management Services Limited
Registrar to the Offer: CIL Securities Limited

Strategic Implications

This open offer represents a significant move by Narra Purna Babu to consolidate his position in Hypersoft Technologies. The acquisition of NX Global Pte Ltd and the subsequent open offer suggest a strategic expansion of Hypersoft's capabilities and market presence.

Regulatory Compliance

The offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Shareholders are advised to review the detailed terms and conditions in the Letter of Offer before making a decision.

Investors and shareholders of Hypersoft Technologies Limited should closely monitor these developments as they may have significant implications for the company's future direction and governance structure.

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