Moschip Technologies to buy 73% of Vayavya Labs for ₹267 crore

Capital raise
semiconductor design services

Blacklitt Research28 October 20263 min read

Moschip Technologies (NSE: MOSCHIP) plans to buy 73% of Vayavya Labs Private Limited for ₹266.71 crore, part in cash and part in swap shares, it said in a filing on 28 Oct 2026. Vayavya Labs' consolidated turnover for the year ended 31 Mar 2026 was ₹82.71 crore.

Key highlights

Consideration for 73% stake: ₹266.71 crore
Cash ₹154.52 crore; swap shares ₹112.19 crore
Swap shares: 50,50,686 at ₹222.14 each
EGM on 25 Nov 2026 to approve the swap share issue

The acquisition in numbers

Item	Detail
Target	Vayavya Labs Private Limited
Stake acquired now	73%
Total consideration	₹266.71 crore
Cash	₹154.52 crore, 57.93% from internal accruals
Swap shares	₹112.19 crore, 42.07% of the price, 50,50,686 shares at ₹222.14
Remaining stake	27%, to be acquired after 31 Mar 2028
Vayavya Labs turnover FY26	₹82.71 crore
EGM	25 Nov 2026

Price and payment structure

Moschip Technologies will pay ₹266.71 crore for 73% of Vayavya Labs, of which ₹154.52 crore is cash and ₹112.19 crore is paid in swap shares. The filing says the cash part is 57.93% funded from internal accruals and the swap part is 42.07%.

The swap shares are 50,50,686 equity shares of ₹2 face value, issued at ₹222.14 each to the selling shareholders on a preferential basis. The company says the issue price is calculated as per SEBI ICDR Regulations 2018.

What is still to come

The swap shares and the share transfer need shareholder approval and requisite regulatory approvals. The filing lists in-principle approval of the stock exchanges and approval of the Reserve Bank of India among them. The board has called an extraordinary general meeting on 25 Nov 2026 to seek the vote on the preferential issue.

The acquisition is to be completed within 15 days of the later of receiving all approvals or the shareholder vote. The remaining 27% will be acquired under a Shareholders' Agreement after 31 Mar 2028, with its valuation linked to Vayavya Labs' business performance.

The target and its scale against the company

Vayavya Labs Private Limited was incorporated on 28 Jul 2006 in Belagavi, Karnataka, and has a wholly owned subsidiary, Vayavya Labs Inc, in California, USA. Its consolidated turnover for the year ended 31 Mar 2026 was ₹82.71 crore.

The company says the acquisition significantly strengthens its software-led engineering capabilities and helps top-line growth and EBITDA. The ₹266.71 crore consideration is about 8.0% of Moschip Technologies' market value of ₹3,342 crore at the 28 Oct 2026 close.

What the Vayavya Labs deal means for Moschip Technologies' shareholders

The preferential issue adds 50,50,686 equity shares to the company's share capital, and the allotment list covers 69 investors, with a total of 2.52% after allotment, according to the filing.

Not stated: the price for the remaining 27%, whether the RBI and exchange approvals have been received, and what effect the acquisition will have on the company's results. The next dated step is the EGM on 25 Nov 2026.

Reference: Original filing (PDF)

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