Dev Accelerator Limited's board approved preferential issue of 33,33,330 convertible warrants to three promoters at Rs. 45 each, aggregating up to Rs. 14.99 crore.
Board also approved preferential allotment of 44,44,440 equity shares to Infibeam Projects Management Private Limited at Rs. 45 each, aggregating up to Rs. 19.99 crore.
Total capital raise across both tranches aggregates up to approximately Rs. 35 crore; member approval via Postal Ballot is pending.