COSMO FIRST LIMITED has informed the Exchange about Acquisition
COSMOFIRST · price
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Cosmo First's petcare arm Zigly is acquiring a Bangalore-based veterinary clinic, Dr. Santa Animal Healthcare, as a going concern via a slump sale (business transfer agreement). The target is a partnership firm running an animal healthcare/veterinary hospital for over 5 years, with revenues of Rs. 2.23 Cr in FY25, Rs. 3.12 Cr in FY24, and Rs. 1.98 Cr in FY23. The deal is a cash transaction with a lumpsum consideration (undisclosed for confidentiality) to be paid in three tranches over 36 months from completion, and is not a related-party transaction. No regulatory approvals are required, and the long-stop date is 90 days from execution. The acquisition is aimed at accelerating the growth of Zigly's veterinary services vertical.
A small bolt-on acquisition for the Zigly petcare vertical, likely immaterial to Cosmo First's overall financials but strategically aligned with expanding its veterinary services footprint. Short-term stock impact is expected to be limited given the modest size of the target.