The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Xduce Technologies Pvt Ltd, Amisha Jayminbhai ....
DEVIT · price
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Awaiting price reaction for this filing.
Two promoter group members of Dev Information Technology sold shares in the open market on 31 December 2025, triggering a Regulation 29(2) disclosure. Amisha Jayminbhai Shah sold 45,00,000 shares (7.99% of equity), bringing her holding down from 13.82% to 5.83%. Pratibhaben Mhanlal Desai sold her entire stake of 29,12,500 shares (5.17%), exiting the company completely. In total, the promoter group sold 74,12,500 shares (13.16%), reducing their combined holding from 18.99% to 5.83%. The disclosed acquirer is XDuce Technologies Private Limited, which already held 12.48% of the company prior to the transaction. Total equity share capital of the company remains 1,12,670,464 shares of Rs. 2 each.
A significant 13.16% open-market sale by the promoter group is a meaningful reduction in promoter ownership and could put short-term pressure on the stock. The combined promoter holding falling to just 5.83% signals reduced insider confidence and weakens the promoter stake in the company going forward.