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 has approved acquiring an additional 9,225 CCPS and 14,52,527 equity shares of Pepperfry Limited, taking its total holding to 98.98% on a fully-diluted basis (100% of CCPS and 98.90% of equity). The total acquisition cost is Rs. 661.47 crore, to be paid entirely through a share swap by issuing 1,18,55,560 TCC Concept equity shares at Rs. 557.9445 each to the sellers. Pepperfry, India's largest omnichannel furniture and home goods e-commerce marketplace, posted a turnover of Rs. 164.18 crore in FY25 (down from Rs. 188.99 crore in FY24 and Rs. 272.40 crore in FY23). The deal is expected to be completed by December 15, 2025, subject to shareholder and stock exchange approvals. The transaction is not a related-party deal.
This is a major strategic acquisition that could reshape TCC Concept into an e-commerce and digital consumer platform player, but it will also significantly dilute existing shareholders due to the large share issuance. Existing shareholders should watch for the EGM outcome and monitor Pepperfry's declining revenue trend before approving the deal.