Moschip to acquire 73% of Vayavya Labs for ₹245.49 Cr
Moschip Technologies Ltd's Board has approved the acquisition of a 73% stake in Vayavya Labs Private Limited (VLPL) for a total consideration of ₹245.49 crores. The payment structure includes ₹148.52 crores in cash and ₹96.97 crores through the issuance of 50,50,686 preferential equity shares (swap shares) at an issue price of ₹192 per share to VLPL's selling shareholders. Moschip also plans to acquire the remaining 27% shareholding of VLPL after March 31, 2028, with the valuation linked to VLPL's business performance. This acquisition is expected to significantly strengthen Moschip’s software-led engineering capabilities, drive top-line growth and EBITDA, and facilitate movement up the value chain in Product Engineering Solutions, alongside geographical and business diversification. VLPL reported a provisional consolidated turnover of ₹83 crores for the year ended March 31, 2026. The preferential issue of swap shares is subject to shareholder and regulatory approvals, with an EGM scheduled for May 12, 2026, to seek shareholder consent.
Key Highlights
- Moschip acquires 73% stake in Vayavya Labs for ₹245.49 crores.
- Consideration includes ₹148.52 Cr cash and ₹96.97 Cr via preferential swap shares.
- Acquisition strengthens software engineering, boosts growth, and diversifies business.
- Remaining 27% stake to be acquired post-March 2028 based on performance.
- Shareholder approval for preferential issue required at May 12, 2026 EGM.