Vertoz to Acquire Tavento Labs Inc. for ₹101 Cr via Share Swap; Approves Capital Increase
Vertoz Limited approved acquiring Tavento Labs Inc. for up to ₹101 crore via preferential share issuance at ₹44 per share. The company also increased its authorised share capital to ₹122.95 crore. The 15th AGM is scheduled for September 29, 2026.
The acquisition of a foreign entity, especially in the cybersecurity sector, along with a significant share swap and capital increase, is a material event with a substantial impact on the company's structure and future operations.
The acquisition of a cybersecurity company and the increase in authorized share capital are positive developments for the company's growth and strategic expansion.
Vertoz Limited announced that its Board of Directors, in a meeting held on September 1, 2026, approved a significant increase in its authorised share capital from ₹100 crore to ₹122.95 crore. The company also approved the acquisition of 100% equity share capital of Tavento Labs Inc., a US-based enterprise cybersecurity technology company, for an aggregate consideration of up to ₹101 crore.
The acquisition will be substantially discharged through a preferential issue of up to 2,29,54,000 equity shares of Vertoz Limited to Tavento's existing shareholders at an issue price of ₹44 per equity share. This represents a share exchange ratio of 1:22,954, where for every one share held in Tavento, investors will receive 22,954 shares of Vertoz. The balance consideration will be paid in cash. Upon completion, Tavento Labs Inc. will become a wholly-owned subsidiary of Vertoz.
Furthermore, the Board approved the notice for the 15th Annual General Meeting (AGM) to be held on Tuesday, September 29, 2026, at 04:00 p.m. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting will include resolutions related to the proposed capital increase and acquisition. The AGM notice will be submitted to the stock exchanges in due course.
A plain-language summary of a public exchange filing by Vertoz Limited. Read the original for the full detail.