Vertoz to acquire Tavento Labs via Rs 101 Cr share swap, raise authorised capital
VERTOZ · price
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On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved increasing authorised share capital from Rs 100 Cr to Rs 122.95 Cr, acquiring 100% of US-based Tavento Labs Inc. (cybersecurity, pre-revenue, nil turnover) for Rs 101 Cr via share swap at Rs 44 per share, issuing 2.29 Cr equity shares to three Tavento investors (exchange ratio 1:22,954), who will hold 21.22% post-allotment. Tavento will become wholly owned subsidiary. AGM on Sept 29, 2026.
21.22% dilution from share swap to Tavento investors. Target has no revenue yet, so deal value hinges on future cybersecurity growth and approvals.