Dev Information Technology signs strategic collaboration with Xduce Technologies

Dev Information Technology Limited has entered into a 'Strategic Business Collaboration And Delivery Synergy' agreement with M/s. Xduce Technologies Private Limited on June 30, 2026. This alliance aims to create operational and business synergies, explore new market opportunities, enhance customer reach, optimize resource utilization, and drive long-term value creation. A key aspect of this collaboration involves Xduce Technologies acquiring a strategic equity stake of approximately 24% in Dev Information Technology Limited. The agreement is a framework, with specific commercial arrangements to be detailed in subsequent definitive agreements. No upfront monetary consideration was exchanged for the collaboration agreement itself, with future considerations to be determined on an arm's length basis.