Announced Thu, 8 Oct, 2026 · 17:22 IST
Kati Patang to acquire 10% in New Zealand startup Gimme NZ via share swap
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The board approved acquiring 10% equity in Bread Private Limited (Gimme NZ), a New Zealand-based food and liquor delivery startup, via share swap. Subject to valuation and due diligence. Gimme NZ turnover grew from $105,945 in FY23-24 to $272,333 in FY25-26. Deal expected to complete within four months of signing definitive agreements. Kati Patang will issue preferential shares for the swap. Not a related party transaction.
Likely market impact
Minority acquisition outside core business, funded via share swap which may lead to equity dilution. Small target, strategic optionality.