The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Xduce Technologies Pvt Ltd
DEVIT · price
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Xduce Technologies Private Limited, a non-promoter acquirer, has disclosed an open market purchase of 30,806 equity shares (0.05%) of Dev Information Technology Limited on 17 March 2026. After this acquisition, Xduce's holding has risen from 1,33,19,372 shares (23.64%) to 1,33,50,178 shares (23.69%) of the company's equity capital. The total share capital of Dev Information Technology stands at 11,26,70,464 equity shares of Rs. 2 each, unchanged by this transaction. The disclosure was filed with both NSE and BSE on 19 March 2026 under the SEBI Takeover Regulations.
Xduce is a non-promoter entity inching closer to the 25% open offer trigger threshold under SEBI takeover rules, which could prompt an open offer requirement if it crosses 25%. The purchase is small (0.05%), so immediate market impact is limited, but investors should watch for further acquisitions that could trigger an open offer or signal a strategic stake-building intent.