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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On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.6 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Xduce Technologies Private Limited, a non-promoter acquirer, has disclosed an open-market purchase of 39,433 shares (0.07%) of Dev Information Technology Ltd on 16 March 2026. Before the transaction, Xduce held 1,32,79,939 shares (23.57%); after the purchase, its holding stands at 1,33,19,372 shares (23.64%). No encumbrance or voting rights other than equity shares are involved, and the acquisition mode is purely open market. The target company's total equity share capital remains unchanged at 11,26,70,464 shares of Rs 2 each.
Xduce is a non-promoter acquirer steadily creeping toward the 25% SAST threshold, now at 23.64%. While the single transaction is small, continued accumulation could trigger open-offer obligations at the 25% mark. For shareholders, this signals sustained buying interest from an existing significant holder, but no immediate dilution or change in control.