Dev Information Technology Limited's Board approved slump sale of ByteSIGNER and Talligence businesses to associate company Byte Technosys Private Limited for ₹11.90 crores.
The combined net asset value of the two products was ~₹8.75 crores as of March 31, 2025, constituting 12.74% of DEVIT's total net worth for FY2024-25.
The transaction is a related party deal conducted at arm's length, with consideration determined by an independent registered valuer; closing expected by September 30, 2026.
Rationale includes operational efficiency, cost savings, regulatory compliance consolidation, and enabling startup-like agility for global scaling of the transferred businesses.