Acquisitions20 Mar 2026, 10:01 am
Xduce Technologies Pvt Ltd Acquires Majority Stake in Dev Information Technology Ltd
AI Summary
Xduce Technologies Pvt Ltd has acquired a significant stake in Dev Information Technology Ltd, as per the disclosures received under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition was made through the open market on 17th March 2026. The total share capital of Dev Information Technology Ltd is 11,26,70,464 Equity Shares of Rs. 2/- each, and Xduce Technologies Pvt Ltd now holds 23.69% of the total share capital post-acquisition.
Key Highlights
- Xduce Technologies Pvt Ltd acquires a significant stake in Dev Information Technology Ltd
- Acquisition made through the open market
- Total share capital of Dev Information Technology Ltd is 11,26,70,464 Equity Shares of Rs. 2/- each
- Xduce Technologies Pvt Ltd now holds 23.69% of the total share capital post-acquisition
- Transaction date is 17th March 2026