DEV Information Technology Ltd. Board Approves Fund Raise via Preferential Issue of Warrants

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Dev Information Technology Limited, (NSE: DEVIT, BSE: 543462), a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has announced that the company’s board has announced that its board has approved raising of funds through issuance of up to 1.50 crore warrants convertible into Equity Shares at a price of Rs. 45.45/- per Warrant aggregating to Rs. 6817.50/- Lakhs to Aeroflex Enterprises Limited, Non- Promoter, on a preferential basis

Earlier, the company bagged a significant work order from RajCOMP Info Services Ltd., a Government of Rajasthan undertaking. The project, titled “Portal Websites,” involves the delivery of comprehensive IT/ITeS and software development services. The scope of work includes enhancement of integrated web portals and applications to ensure improved responsiveness and mobile compatibility across Government digital platforms. Key deliverables include development using the Adobe Experience Manager platform along with associated mobile application components.

Dev Information Technology Ltd. holds active work orders valued at ₹50 crores approximately from various Government entities across India.

Dev Information Technology Limited (DEV IT), founded in 1997, listed on NSE & BSE, ISO 20000, ISO 27001, ISO 9001 & CMMi Lavel 3, has evolved from a small-scale business automation software solutions provider into a global IT services powerhouse. Over the years, the company has empowered businesses worldwide with a blend of information technology, innovation, and digital transformation. Headquartered in Ahmedabad, having its offices in multiple in India and also in Canada, the company emphasizes continuous innovation, quality, streamlined processes, and technological prowess. The company’s people and client-centric approach involves collaborating with clients globally to understand their specific goals and empower them to achieve their business objectives.

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