MosChip plans to acquire 73% stake in Vayavya Labs for ₹245 crore
New Delhi: Semiconductor firm MosChip Technology plans to acquire a 73% controlling stake in Vayavya Labs for about ₹245 crore in a cash and equity deal, the company said on Thursday.
The acquisition is expected to strengthen MosChip’s software-led engineering capabilities as well as boost top-line growth and operating margin, help it move up in the value chain in product engineering solutions, support geographical expansion and diversification in business development and engineering.
