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Dev Information Technology Ltd ( (IN:DEVIT) ) just unveiled an update.
Dev Information Technology Ltd’s board has approved the issuance of up to 1.5 crore convertible warrants to Aeroflex Enterprises Ltd, a non-promoter entity, on a preferential basis. This strategic move, subject to regulatory and shareholder approvals, aims to raise Rs. 681.75 lakhs and is expected to enhance the company’s financial position and expand its market capabilities.
More about Dev Information Technology Ltd
Dev Information Technology Ltd operates in the IT services industry, offering a range of solutions including cloud services, managed IT services, digital transformation, enterprise applications, business applications, and mobile applications. The company has a market presence in regions such as Gujarat, Maharashtra, Rajasthan, and Canada.
Average Trading Volume: 16,711
Technical Sentiment Signal: Sell
Current Market Cap: 2.16B INR
For detailed information about DEVIT stock, go to TipRanks’ Stock Analysis page.