Please find the enclosed copy for the shares to be acquired in the entity named ''Zepto Private Limited''
ELCIDIN · price
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Elcid Investments Ltd, a listed NBFC (BSE scrip code 503681), has entered into an agreement to subscribe to Compulsorily Convertible Preference Shares (CCPS) of Zepto Private Limited, the 10-minute grocery delivery quick-commerce platform. The company will invest up to approximately ₹7.5 crores in cash, acquiring CCPS at face value ₹5 each, which on a fully diluted basis represents 22,55,639 equity shares of Zepto at ₹33.23 per share. Post-transaction, Elcid's aggregate shareholding in Zepto will be just 0.039% of Zepto's share capital. The transaction is not a related-party deal, requires no government approvals, and is expected to be completed within 25 days. Zepto reported strong revenue growth, with turnover rising from ₹20,243.95 million in FY23 to ₹44,545.16 million in FY24 and ₹1,11,099.47 million in FY25.
This is a tiny minority investment (0.039%) and unlikely to materially move Elcid's stock, but it signals the company's NBFC arm is deploying capital into a high-growth consumer tech startup. Zepto's rapid revenue growth (5x in two years) adds a marquee portfolio name, though the small stake means any valuation upside will be limited unless Elcid increases its exposure later.