Dev Accelerator gains on acquiring two office assets in partnership with Prestige Group
Dev Accelerator is currently trading at Rs. 37.20, up by 0.37 points or 1.00% from its previous closing of Rs. 36.83 on the BSE.
The scrip opened at Rs. 36.10 and has touched a high and low of Rs. 37.20 and Rs. 36.10 respectively. So far 500 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 64.36 on 17-Sep-2025 and a 52 week low of Rs. 30.01 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 42.21 and Rs. 35.86 respectively. The current market cap of the company is Rs. 332.07 crore.
The promoters holding in the company stood at 36.81%, while Institutions and Non-Institutions held 6.37% and 56.82% respectively.
Dev Accelerator has strengthened its Bengaluru presence with the acquisition of two premium Grade A+ office assets in partnership with the Prestige Group, marking a significant scale-up in the city’s high-demand Outer Ring Road (ORR) micro-market. The expansion, spanning 1.11 lakh sq ft, will add over 1,200 seats to the company’s portfolio and is expected to generate around Rs 2.2 crore in monthly revenue.
The first asset, located at Lakeshore Drive opposite Bellandur Lake, sits within a sprawling 90 acres corporate campus that houses global occupiers. Establishing a presence in this elite corporate ecosystem allows the company to offer unparalleled networking and infrastructure advantages. The premium asset, exclusively designed to cater to evolving enterprise requirements, is expected to launch on August 01, 2026, with an investment of around Rs 10 crore towards fit-outs and infrastructure development.
The second development, Prestige Featherlite Tech Hub, is an integrated Grade A+ asset that champions the Walk to Work model. The asset caters to occupiers prioritising reduced commute times, improved employee experience, and operational efficiency. Securing prime real estate on the Outer Ring Road strengthens the company’s footprint in one of Asia largest IT corridors. The dual acquisition caters to the rising demand for flexible institutional grade workspaces among global capability centers and large enterprises.
