Vertoz Acquires Tavento Labs Inc. for ₹101 Crore via Share Swap

Vertoz Limited announced today, September 1, 2026, that its Board of Directors has unanimously approved a significant acquisition and an increase in authorized share capital. The company will acquire 100% of the equity share capital of Tavento Labs Inc., a US-based enterprise cybersecurity technology company, for an aggregate consideration of up to ₹101 crore. This acquisition is intended to expand Vertoz's presence in the digital technology and financial technology ecosystems by leveraging Tavento’s capabilities in cybersecurity and AI.

The consideration for the acquisition will be substantially discharged through a preferential issuance of equity shares of Vertoz to the sellers of Tavento, at an issue price of ₹44 per share. A total of 2,29,54,000 equity shares will be issued, representing a share exchange ratio of 1:22,954. The balance amount will be paid in cash. Upon completion, Tavento Labs Inc. will become a wholly owned subsidiary of Vertoz.

Additionally, the Board approved an increase in the Company's Authorized Share Capital from ₹100 crore to ₹122.95 crore, divided into 12,29,54,000 equity shares. The company also approved the notice for its 15th Annual General Meeting (AGM), scheduled for Tuesday, September 29, 2026, at 4:00 p.m. The AGM will include resolutions related to these proposals. The acquisition is expected to be completed within 15 days of the approval of the special resolution for the preferential issue and receipt of necessary regulatory approvals.