Acquisitions18 Oct 2025, 02:04 pm
Aeroflex Enterprises Ltd. to Acquire Stake in Dev Information Technology Ltd. for Rs. 8,500 Lakhs
AI Summary
Aeroflex Enterprises Ltd. has announced its decision to acquire a stake in Dev Information Technology Ltd., a public listed company, through a strategic investment. The acquisition will be made by subscribing to 1,50,00,000 warrants convertible into equity shares at the price of Rs. 45.45/- per warrant, amounting to Rs. 6,817.50 Lakhs. The total investment will not exceed Rs. 8,500 Lakhs. This decision is part of Aeroflex's new line of business in providing and delivering end-to-end digital transformation by leveraging Cloud, Automation, and Data technologies and other IT enabled services.
Key Highlights
- Aeroflex Enterprises Ltd. to acquire a stake in Dev Information Technology Ltd.
- The acquisition will be made through a strategic investment of up to Rs. 8,500 Lakhs.
- Aeroflex to subscribe to 1,50,00,000 warrants convertible into equity shares at Rs. 45.45/- per warrant.
- This decision is part of Aeroflex's new line of business in digital transformation.
- The acquisition is subject to requisite approvals.