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Dev Information Technology Ltd ( (IN:DEVIT) ) just unveiled an update.
Dev Information Technology Ltd announced that its Board of Directors approved the issuance of up to 1,50,00,000 convertible warrants to Aeroflex Enterprises Limited, a non-promoter, on a preferential basis. This move, subject to regulatory and shareholder approvals, aims to raise Rs. 681.75 Lakhs, potentially impacting the company’s financial structure and market positioning. An Extra-Ordinary General Meeting is scheduled for November 18, 2025, to seek shareholder approval for this issuance.
More about Dev Information Technology Ltd
Dev Information Technology Ltd operates in the technology sector, offering a range of services including cloud services, managed IT services, digital transformation, enterprise applications, business applications, and mobile applications. The company has a presence in Gujarat, Maharashtra, Rajasthan, and Canada.
Average Trading Volume: 16,711
Technical Sentiment Signal: Sell
Current Market Cap: 2.16B INR
See more data about DEVIT stock on TipRanks’ Stock Analysis page.