US-based Xduce Technologies purchased an additional more than 9% ownership share in Dev Information Technology, an IT services company, from promoters through open market transactions.

Xduce Technologies, a US-based app development and digital transformation business, has acquired 51.25 lakh shares (equal to 9.09% of paid-up equity) in Dev Information for Rs 23.33 per share, totalling Rs 11.95 crore.

On the contrary, the promoters have sold a 9.03% interest in Dev Information Technology for Rs 11.86 crore. Pranav Niranjan Pandya sold 15 lakh shares at Rs 23.4 per share; Kruti Pranav Pandya sold 6.24 lakh shares at Rs 23.5 per share; and Jaimin Jagdishbhai Shah sold 29.64 lakh shares at Rs 23.25 per share.

According to the company’s disclosures dated 3rd January, Xduce Technologies has already acquired a 12.48% ownership share in Dev Information. This follows the introduction of the company’s strategic partnership with XDuce to accelerate expansion in North America and expand its global delivery capabilities in digital engineering, cloud, data, artificial intelligence, and cybersecurity.

Meanwhile, Citigroup Global Markets Mauritius sold 8.28 lakh shares (0.7% interest) of Clean Max Enviro Energy Solutions, a renewable energy supplier, for Rs 846.72 per share, totalling Rs 70.18 crore. The stock fell 17.62% on its first trading day, closing at Rs 867.5.

Kiaasa Retail was also in the spotlight, sliding 8% to Rs 116.85. Small institutional investors appear to have taken advantage of the downturn, acquiring a 2.39% stake in the women’s ethnic wear firm.

Craft Emerging Market Fund PCC- Citadel Capital Fund purchased 1.96 lakh Kiaasa shares for Rs 2.41 crore, while Longthrive Capital VCC- Trendview Capital Fund and Brimming Wealth Advisors LLP each purchased 1.2 lakh shares for Rs 1.47 crore. These investors paid Rs 123 per share.

Equity Intelligence India, the portfolio management firm founded by ace investor Porinju Veliyath, purchased 2.35 lakh rights shares in Sical Logistics for Rs 0.91 per share, totalling Rs 2.13 lakh. However, Girish Gulati HUF sold 1.32 lakh shares at Rs 0.87 each for Rs 1.15 lakh.
IndiGo, SpiceJet Add Special Flights Amid West Asia Crisis

As airspace closures in parts of West Asia disrupt global travel, Indian airlines have stepped in with special relief flights to bring stranded passengers home.

IndiGo has scheduled 10 special flights from Jeddah to India on 3rd March, subject to regulatory clearances and airspace conditions. The airline is working closely with the Consulate General of India in Jeddah to facilitate smooth travel for affected passengers.

SpiceJet, meanwhile, will operate four special flights from the UAE on 3rd March. These services will run from Fujairah to Delhi, Mumbai and Kochi, including two flights to Mumbai, to speed up the return of Indian nationals.

From 4th March, SpiceJet will also resume its regular flights on the Fujairah–Delhi and Fujairah–Mumbai routes. The airline said it may add more special services depending on demand and approvals.

The Ministry of Civil Aviation said it is closely monitoring the evolving situation. Airlines have made calibrated schedule adjustments, with long-haul and ultra-long-haul flights gradually resuming via alternative routes that avoid restricted airspace.

Carriers are also repositioning aircraft and crew, deploying additional capacity where required, and coordinating with foreign aviation authorities and Indian missions abroad to ensure safe and orderly passenger movement.

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