As per the attached intimation.
TCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TCC Concept's board approved acquiring an additional stake in Pepperfry, taking its cumulative holding to 98.98% on a fully-diluted basis (100% of CCPS and 98.90% of equity shares). The deal is valued at about Rs. 661.47 crore and will be paid entirely through a share swap — 1.18 crore new TCC Concept equity shares will be issued to Pepperfry's sellers at Rs. 557.94 per share (Rs. 10 face value). Pepperfry, founded in 2012, is India's largest omnichannel furniture and home goods e-commerce marketplace, with FY25 revenue of Rs. 164.18 crore (down from Rs. 272.40 crore in FY23). The transaction is an addendum to the share purchase agreement signed on October 14, 2025, and a corrigendum to the EGM notice is being dispatched to shareholders. Completion is targeted by December 15, 2025, subject to shareholder and stock exchange approvals.
Existing shareholders will face notable equity dilution but gain near-full ownership of a consumer-facing e-commerce platform, shifting TCC Concept's profile toward digital marketplaces. Near-term stock reaction will hinge on investor confidence in Pepperfry's turnaround potential given its declining revenues.