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 entity, has acquired 51,25,000 equity shares (approximately 9.10%) of Dev Information Technology Ltd through open market purchases on March 2, 2026. This raises XDuce's total holding in the company from 70,31,399 shares (12.48%) to 1,21,56,399 shares (21.58%) of the total share capital. The total equity capital of Dev Information Technology stands at 11,26,70,464 shares of Rs. 2 each. The acquirer is not part of the promoter/promoter group, making this an external investor significantly increasing its stake in the company.
XDuce's stake has crossed the important 20% threshold under SEBI takeover rules, which may trigger open offer obligations or restrict further acquisitions. For shareholders, this signals strong external confidence in the company from a strategic acquirer, but the 20% crossing could also bring takeover-related regulatory scrutiny and potential open offer requirements that may affect stock price volatility.