Deals18 Feb 2026, 06:21 pm
Dev Accelerator Ltd Completes Sale of 38% Equity Investment in Scaleax Advisory Private Limited
AI Summary
Dev Accelerator Ltd has completed the sale of its 38% equity investment in its associate company, Scaleax Advisory Private Limited, to Dev Information Technology Limited and Mr. Aaryan Jaxay Shah. The total consideration for the sale is Rs. 3,80,000/- (Rupees Three Lakh Eighty Thousand Only). This transaction marks the end of Scaleax's status as an associate company of Dev Accelerator Ltd.
Key Highlights
- Dev Accelerator Ltd has sold its 38% equity investment in Scaleax Advisory Private Limited
- The sale was made to Dev Information Technology Limited and Mr. Aaryan Jaxay Shah
- The total consideration for the sale is Rs. 3,80,000/- (Rupees Three Lakh Eighty Thousand Only)
- This transaction marks the end of Scaleax's status as an associate company of Dev Accelerator Ltd
- The sale was completed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015