Dev Accelerator Limited has informed the Exchange about Completion of Sale of 38% equity investment in Scaleax Advisory Private Limited.
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Dev Accelerator Limited has completed the sale of its 38% equity investment in Scaleax Advisory Private Limited. This means the company has fully exited its holding in Scaleax Advisory. The exact sale consideration or gain/loss from the transaction is not disclosed in this announcement. The transaction has been completed and reported to the stock exchange as required under listing rules.
Shareholders should expect the cash proceeds (if any) from this divestment to strengthen the company's balance sheet. Depending on the sale price relative to the book value of the investment, this could result in a one-time gain or loss being reflected in upcoming financial results.