Dev Clever Holdings Plc (LSE:DEV) entered into an agreement to acquire Veative Labs Private Limited from Veative Labs Pte. Ltd for INR 8.3 million on April 12, 2021. As a part of the transaction, Dev Clever will issue 225 million shares. In a related transaction, Dev Clever entered into a one year IP licensing agreement for additional immersive educational materials that are bespoke to the Indian market. Dev Clever Holdings appointed Ankur Aggarwal to the board and David Ivy resigned as Non-Executive Director and Chair of the Audit Committee. Dev Clever Holdings welcomed the rest of the Veative team into the organization. The due diligence process in respect of the acquisition of Veative Labs has been completed as of October 28, 2021. The completion of the Veative acquisition remains subject to the publication of a prospectus approved by the FCA. As of December 16, 2022, The Board of Dev Clever announces that Dev Clever intends to submit a request to the Financial Conduct Authority ("FCA") for the cancellation of the listing of Dev Clever's ordinary shares on the Official List and trading on the London Stock Exchange.

David Coffman and Colin Rowbury of Novum Securities Limited acted as a financial adviser to Dev Clever Holdings.

Dev Clever Holdings Plc (LSE:DEV) completed the acquisition of Veative Labs Private Limited from Veative Labs Pte. Ltd on July 19, 2022. Uday S. Ahlawat, of Ahlawat Associates acted as legal due diligence provider to Dev Clever Holdings.