Dev Information Technology gains on getting nod to acquire 100% stake in Dhyey Consulting Services
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Dev Information Technology is currently trading at Rs. 162.50, up by 2.65 points or 1.66% from its previous closing of Rs. 159.85 on the BSE.
The scrip opened at Rs. 159.20 and has touched a high and low of Rs. 165.60 and Rs. 156.95 respectively. So far 21351 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 165.60 on 18-Dec-2023 and a 52 week low of Rs. 84.15 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 165.60 and Rs. 126.20 respectively. The current market cap of the company is Rs. 360.90 crore.
The promoters holding in the company stood at 67.48%, while Non-Institutions held 32.52% stake in the company.
Dev Information Technology has received approval to acquire 100% stake of Dhyey Consulting Services. For the purpose of same the board of directors have considered and approved execution of Share Purchase Agreement (SPA) amongst Dev Information Technology, Promoters of M/s, Dhyey Consulting Services (Sellers) and Dhyey Consulting Services.
Dhyey Consulting, is renowned for its expertise in Microsoft Dynamics 365, CRM, AI, and Power Platform brings a proven track record with over 300 successful implementations, especially in critical sectors like retail and manufacturing in India and overseas. Their deep industry expertise and status as a premier Microsoft Gold partner significantly boost DEV IT's existing portfolio of Enterprise Applications around the Microsoft D365, Power platform and boost AI practice. The Board of Directors of the Company at its meeting held on December 15, 2023, has inter-alia considered and approved the same.
Dev Information Technology is mainly engaged in business of automation software development.
