Shares of small-cap IT company Dev Information Technology zoomed nearly 17% in intraday deals on Monday, October 20, snapping their six-day winning run following a fundraising plan.
Dev Information Technology, over the weekend, announced board approval for raising funds via warrants of up to ₹68.17 crore. The company said it will issue up to 1.50 crore warrants convertible into equity shares of ₹45.45 each to Aeroflex Enterprises, a non-promoter, on a preferential basis.
More to come…