16-Apr-2026      12:43

Board of Moschip Technologies approves acquisition of 73% stake in Vayavya Labs

The board of Moschip Technologies at its meeting held on 16 April 2026 has approved the acquisition of 73% stake in Vayavya Labs (VLPL) from its existing shareholders for a total consideration of Rs 245.49 crore under a share purchase agreement, comprising Rs 148.52 crore in cash and Rs 96.97 crore through issuance of swap shares.

The company will acquire balance 27% stake in VLPL after 31 March 2028 and the valuation will be linked to VLPL business performance.

News source: Capital Market - Live News