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Incorporated in 1997, Dev Information Technology Ltd is in the business ofproviding IT enabled services
Xduce Technologies Private Limited acquired 39,433 shares of Dev Information Technology via open market. This acquisition increased their shareholding from 23.57% (13,279,939 shares) to 23.64% (13,319,372 shares).
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[Assuming the announcement details an acquisition by a promoter:]
ABC Ltd.'s promoter, Mr. X, acquired 50 lakh (5,000,000) equity shares valued at ₹50 Crore through an open market purchase. This transaction increases Mr. X's stake from 10% to 10.5%, signaling a strengthening of promoter commitment to the company.
Promoters Mrs. Amisha Jaimin Shah and Pratibhaben Mhanlal Desai of Dev Information Technology Limited have sold 7,412,500 shares via open market transactions. This disposal has reduced the promoter group's total shareholding in the company from 18.99% to 5.83%. This change in ownership structure is significant for investors.