Acquisitions31 Jan 2026, 04:17 pm
Dev Accelerator Ltd Approves Divestment of 38% Stake in Associate Company Scaleax Advisory for Rs. 3,80,000
AI Summary
Dev Accelerator Ltd announced that its Board of Directors has approved the divestment of 38% of its equity investment in Scaleax Advisory Private Limited, an Associate Company, to Dev Information Technology Limited and Mr. Aaryan Jaxay Shah for a total consideration of Rs. 3,80,000. Post the Proposed Transaction, Scaleax shall cease to be an associate company. The Board also approved the unaudited financial results for the quarter ended December 31, 2025.
Key Highlights
- Dev Accelerator Ltd to divest 38% stake in Scaleax Advisory to Dev Information Technology Limited and Mr. Aaryan Jaxay Shah for Rs. 3,80,000
- Scaleax Advisory to cease being an associate company post the transaction
- Board approved the unaudited financial results for the quarter ended December 31, 2025