Vertoz to Boost Authorised Capital and Acquire Tavento Labs via Share Swap
An update from Vertoz Ltd ( (IN:VERTOZ) ) is now available.
Vertoz Limited’s board has approved an increase in its authorised share capital from ₹100 crore to about ₹122.95 crore, expanding the equity share limit from 10 crore to roughly 12.30 crore shares of ₹10 each, subject to shareholder approval. The step enhances the company’s capacity to issue new equity as it pursues strategic initiatives and potential future capital raises.
The board also cleared the acquisition of 100% of Tavento Labs Inc. for up to ₹101 crore, mainly through a share-swap based preferential issue of about 2.30 crore Vertoz shares at ₹44 each, with Tavento to become a wholly owned subsidiary upon completion. These moves, to be placed before shareholders at the upcoming AGM, signal a significant inorganic growth push that will expand Vertoz’s consolidated operations while diluting equity, reshaping ownership and potentially strengthening its competitive position.
More about Vertoz Ltd
Vertoz Limited is an India-listed company whose shares trade on the National Stock Exchange under the symbol VERTOZ, with equity shares of ₹10 face value. The company operates within the broader capital markets ecosystem and is subject to SEBI’s Listing Obligations and Disclosure Requirements, reflecting an orientation toward public-market driven growth and corporate governance compliance.
Average Trading Volume: 80,955
Technical Sentiment Signal: Sell
Current Market Cap: 3.35B INR
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