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, acquired 10,00,000 equity shares (1.78%) of Dev Information Technology Ltd through open market purchases on March 5, 2026. This increased XDuce's holding from 1,21,56,399 shares (21.58%) to 1,31,56,399 shares (23.35%) of the company. The disclosure was filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The total equity share capital of Dev Information Technology remains 11,26,70,464 shares of Rs. 2 each.
A non-promoter acquirer steadily increasing its stake signals growing confidence from an institutional/strategic investor. At 23.35%, XDuce is approaching the 25% open offer trigger threshold, which could attract further attention from retail investors and potentially trigger an open offer obligation if the 25% mark is crossed.