Supreme Court modifies status quo order in VLPL acquisition matter
MOSCHIP · price
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The Supreme Court has modified its status quo order on MosChip's proposed 73 percent acquisition of Vayavya Labs (VLPL), subject to respondents furnishing additional security of 200 crore rupees by September 15, 2026. The underlying dispute is between Ras Al Khaimah Investment Authority and entities connected with MosChip's promoters. MosChip says it is not a party to the dispute and there is no financial, operational, or other impact on it. The security amount will be borne by the judgment debtors, not the company.
Status quo on VLPL acquisition eased but hinges on 200 crore security by respondents. MosChip states no direct financial or operational impact.