Dev Information Technology Limited announced that it has entered into a share subscription agreement for issuance of 5,724,907 common shares at a price of INR 134.50 per share for gross proceeds of INR 769,999,991.50 on June 16, 2023. The shares have a face value of INR 5 per share. The shares will be issued on a preferential basis.

The transaction will include participation from new investor LT1, Inc. The transaction has been approved by board of directors of the company.