Some of the interesting developments are- A) Acquisition of Dhyey consulting services which provides CRM & ERP stack of services (primarily on Microsoft). The company generated sales of 16 crs in FY23, therefore Dev IT’s acquisition of the same at 9 Crs (5 Cr cash + 4 Cr share swap) makes it a cheap acquisition optically.
Another important development is LT-inc’s reclassification from the public to the promoter’s category after the open offer at a price of Rs.136.
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