Dev Information Technology Limited: Mandatory Regulation 31(4) Disclosure under SEBI Takeover Code

M&A / JV 19 Jun 2026 · Announced· ✓ Verified

Dev Information Technology Limited has filed a mandatory Regulation 31(4) disclosure under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicating a substantial acquisition of shares or change of control event. The disclosure was filed with the National Stock Exchange on or around 19 June 2026. Regulation 31(4) requires the acquiring party to disclose shareholding patterns and intent to acquire within prescribed timelines. The acquiring party identity, precise stake percentage acquired, consideration amount and material conditions precedent are not disclosed in this notification; these details are contained in the full disclosure document filed with the…

Why it mattersA Reg 31(4) trigger mandates 90-day completion of open offer at floor price; counsel must verify whether the acquisition crosses the 25% threshold for mandatory offer or involves change of control, and map all conditions precedent against exchange settlement timelines and SEBI enforcement risk.
Counsel—
SectorTechnology
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