Moschip Technologies Ltd

🚀 Moschip Acquires 73% Stake in Vayavya Labs for ₹245.49 Crores

• MosChip Technologies Limited approved the acquisition of 73% share capital of Vayavya Labs Private Limited (VLPL) for ₹245.49 crores.

• Payment includes ₹148.52 crores in cash and ₹96.97 crores through issuance of 5,050,686 equity shares at ₹192 per share.

• VLPL operates in semiconductors, consumer electronics, mobility/automotive communication, and connectivity.

• VLPL's provisional turnover: ₹83 crores for FY 2025-26.

• Acquisition aims to strengthen MosChip's software-led engineering capabilities, top-line growth, EBITDA, and geographical expansion.

• Remaining 27% shareholding in VLPL will be acquired after March 31, 2028, with valuation linked to VLPL's business performance.