%20(1).jpg)
.jpg.jpeg)
Dev IT Strengthens Business Focus and Unlock the Value Through Transfer of ByteSIGNER and Talligence
Mumbai (Maharashtra) [India], April 02: Dev Information Technology Limited(DEV IT), (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company offering Cloud Services, Digital Transformation, Enterprise Applications and Managed IT Services, has announced that its Board of Directors has approved the transfer of its product businesses, ByteSIGNER and Talligence, to Byte Technosys Private Limited, an associate company. This [...]
Mumbai (Maharashtra) [India], April 02: Dev Information Technology Limited(DEV IT), (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company offering Cloud Services, Digital Transformation, Enterprise Applications and Managed IT Services, has announced that its Board of Directors has approved the transfer of its product businesses, ByteSIGNER and Talligence, to Byte Technosys Private Limited, an associate company.
This move reflects the Company’s continued focus on sharpening its strategic direction and building a more efficient and focused operating structure.
Transaction Overview
The transaction involves a cash consideration of ₹11.90 Crore and is structured as a standalone slump sale, not pursuant to any merger or amalgamation. It is expected to be completed on or before September 30, 2026. The transaction qualifies as a related party transaction and is being executed on an arm’s length basis, supported by an independent valuation.
