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, which is not part of the promoter group, has acquired 30,806 equity shares (0.05% of total share capital) of Dev Information Technology Limited through the open market on 17 March 2026. The acquirer's holding has risen from 1,33,19,372 shares (23.64%) to 1,33,50,178 shares (23.69%) of the company. The total share capital of Dev Information Technology remains unchanged at 11,26,70,464 equity shares of Rs. 2 each. The disclosure has been filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
Xduce is slowly increasing its non-promoter stake and is now just about 1.3 percentage points away from the 25% open offer trigger threshold under SAST rules. Further purchases in the open market could bring the 25% trigger into play, potentially leading to an open offer obligation, which is a key thing for existing shareholders to watch.