Vertoz to Acquire Tavento Labs for ₹101 Crore; Board Approves Capital Increase
Vertoz will acquire Tavento Labs Inc. for ₹101 crore, funded by issuing 2.29 crore shares at ₹44 each. The company also approved increasing its authorised share capital and will hold its 15th AGM on September 29, 2026, to seek member approval for these proposals.
The acquisition of a cybersecurity firm and the associated capital increase are material events that are expected to significantly impact the company's future business and financial structure.
The company is making a strategic acquisition and increasing its capital, which are generally positive developments for growth and market expansion.
Vertoz Limited announced today that its Board of Directors has approved a significant strategic move to acquire 100% of the equity share capital of Tavento Labs Inc. for an aggregate consideration of up to ₹101 crore. The acquisition, which is subject to definitive agreements and necessary approvals, aims to expand Vertoz's presence in the digital technology and financial technology ecosystem by leveraging Tavento's cybersecurity and analytics capabilities.
Tavento Labs Inc., a US-headquartered enterprise cybersecurity technology company, specializes in AI-native cybersecurity and digital trust platforms. Although currently pre-revenue, its technology platforms, including DarkDive and Aukin, are designed for enterprise and financial technology use cases.
The acquisition consideration will be substantially discharged through a preferential issuance of up to 2,29,54,000 equity shares of Vertoz at an issue price of ₹44 per share, with the balance paid in cash. This issuance will result in Tavento's sellers holding approximately 21.22% of Vertoz's post-acquisition equity.
In conjunction with the acquisition, the Board also approved a proposal to increase the Company's authorised share capital from ₹100 crore to ₹122.95 crore. Furthermore, the Board approved the notice for the 15th Annual General Meeting (AGM), scheduled for September 29, 2026, at 4:00 p.m. via Video Conferencing, to seek shareholder approval for these proposals.
The Board meeting commenced at 5:30 p.m. and concluded at 8:30 p.m. on September 1, 2026.
A plain-language summary of a public exchange filing by Vertoz Limited. Read the original for the full detail.