India’s Moschip Technologies rises on 2.45 billion Vayavya Labs stake deal
16/04/2026 08:21
** Shares of India's Moschip Technologies MOSC.NS up 4.44% at 190.78 rupees ** Semiconductor firm's board approves 73% stake buy in software solutions developer Vayavya Labs for 2.45 billion rupees ($26.25 million) ** Co to buy remaining 27% stake in Vayavya Labs after March 31, 2028 ** YTD stock down 10.53% ($1 = 93.3350 Indian rupees) (Reporting by Devika Nair in Bengaluru) ((Devika.MadhusudhananNair@thomsonreuters.com;))
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