Vertoz's board approved acquiring 100% of Tavento Labs Inc. for up to ₹101 Cr.

Tavento is a US-based AI-native cybersecurity and digital trust platform company.

This strategic move aims to expand Vertoz's presence in digital and financial technology by leveraging Tavento's advanced tech, research, and cybersecurity capabilities for enterprise applications.

The acquisition, making Tavento a wholly-owned subsidiary, will largely be funded by issuing 2.29 Cr Vertoz shares at ₹44 each (approx. ₹100.99 Cr) to Tavento's shareholders, implying share dilution.