Dev Accelerator surges on getting nod to raise up to Rs 100 crore through NCDs
Dev Accelerator is currently trading at Rs. 40.93, up by 0.73 points or 1.82% from its previous closing of Rs. 40.20 on the BSE.
The scrip opened at Rs. 41.34 and has touched a high and low of Rs. 41.35 and Rs. 40.53 respectively. So far 178 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. 43.40 and Rs. 38.50 respectively. The current market cap of the company is Rs. 369.14 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 secured approval to raise up to Rs 100 crore through issuance of Non-Convertible Debentures (NCDs). The Board of Directors of the company in its meeting held on May 19, 2026, has approved the same. The board has approved the issuance of up to 100,000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferable NCDs having face value of Rs 10,000 each, in one or more tranches, on a private placement basis. The NCDs are proposed to be listed on BSE.
