Moschip Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on April 16, 2026.
MOSCHIP · price
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MosChip Technologies' board has approved acquiring a 73% stake in Vayavya Labs Private Limited (VLPL) for a total of ₹245.49 crores. The deal is split into ₹148.52 crores in cash (to be paid from internal accruals) and ₹96.97 crores through a share swap. As part of the swap, MosChip will issue 50,50,686 new equity shares at ₹192 each to 67 selling shareholders of VLPL. VLPL is a semiconductor and automotive software engineering firm with provisional FY26 revenue of ₹83 crores, up from ₹38.1 crores in FY23. The deal is subject to shareholder and regulatory approvals, with an EGM scheduled for May 12, 2026. MosChip also signed a shareholders' agreement to acquire the remaining 27% stake after March 2028, with valuation tied to VLPL's future performance.
This is a major acquisition that will expand MosChip's semiconductor and automotive engineering capabilities and is expected to boost revenue and EBITDA. Existing shareholders will see dilution of around 2.54% from the swap shares, while the cash component of ₹148.52 crores may pressure short-term liquidity. The stock may react positively given the growth and synergy potential, though completion depends on regulatory and shareholder approvals.