MosChip Technologies Limited has approved the acquisition of a 73% stake in Vayavya Labs Private Limited (VLPL) for a total consideration of ₹245.49 crore, the company said in an exchange filing on April 16.
The acquisition will be executed through a mix of cash payment of ₹148.52 crore and equity share swap worth ₹96.97 crore, with the company issuing 50.5 lakh shares at ₹192 per share to the selling shareholders.
MosChip also plans to acquire the remaining 27% stake in VLPL after March 2028, with valuation linked to the target company’s performance.
Vayavya Labs, which operates in the semiconductor, automotive communication, and consumer electronics segments, reported a provisional turnover of ₹83 crore in FY26, up from ₹64.4 crore in FY25, reflecting strong growth momentum.
The company is engaged in advanced engineering areas such as embedded systems, virtualization, digital twin solutions, and ADAS validation, and has a global presence including the US, Europe, Israel, and Japan.
MosChip said the acquisition will strengthen its software-led engineering capabilities, support top-line growth, and enhance EBITDA, while enabling the company to move up the value chain in product engineering solutions.
Vayavya Labs was incorporated in 2006 and headquartered at Belgavi, has built a strong reputaon as a high-quality “Silicon-to-System” engineering partner across industries such as Semiconductors, Consumer Electronics (CE), Automove, Electronic Design Automaon (EDA), Communicaons and Connecvity. The company operates delivery centers in Belagavi & Bengaluru.
Post this acquision, MosChip will have an overall headcount of more than 2,000 employees, strengthening its scale, and execuon capacity.
The transaction is subject to regulatory approvals, including those from stock exchanges and the Reserve Bank of India, along with shareholder approval. The company has scheduled an extraordinary general meeting (EGM) on May 12, 2026 to seek approval for the preferential issue of shares.