Announced Tue, 1 Sept, 2026 · 22:35 IST
Vertoz board approves acquisition of Tavento Labs Inc for Rs 101 Cr
VERTOZ · price
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Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹37.76
prior close
₹36.60
base price
After-mkt
timing
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+4.4+2.1+2.6+4.0+2.0-2.0-1.7+2.8+1.8+2.0-3.3-7.3——
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AI summary
Vertoz board approved acquiring 100% of US-based Tavento Labs Inc, a pre-revenue cybersecurity company, for up to Rs 101 Crores. Funded mainly via share swap at Rs 44 per share, issuing 2.29 Crore new shares (ratio 1:22,954). Three foreign funds will hold 21.22% post-allotment. Tavento has nil turnover for last 3 years. Deal expands Vertoz into cybersecurity beyond its core ad-tech business.
Likely market impact
Share swap dilutes existing holders by 21.22%. Tavento is pre-revenue, so near-term financial impact limited. Strategic move into cybersecurity.